Bitcoin Could Climb 10% Or More if This 1 Thing Happens (Hint: It Involves Quantum Computing)
Mitigating a major risk could have positive consequences.
Overview
Bitcoin's (CRYPTO: BTC) scariest and most misunderstood long-term risk might also be its next big catalyst. It's currently priced at 49% below its all-time high near $126,100, and Capriole Investments founder Charles Edwards blames much of the gap on investors' fears about quantum computing.
In a conversation with Cointelegraph on July 24, Edwards pegged that fear discount at near 30%. Once Bitcoin's developers commit to a road map for fixing quantum computing-related security vulnerabilities, he expects that discount to vanish and for the price to jump by at least 10%. The catch is that publishing such a road map is harder than it sounds.
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Originally published at www.fool.com.