The emergence of quantum computing poses a potential threat to Bitcoin’s security, particularly as it could disrupt the cryptographic systems that safeguard trillions of dollars in cryptocurrency. This concern was recently reignited with Google’s introduction of the new quantum chip, Willow, which fuels this advancement. Crypto analyst Charles Edwards highlights the growing danger. He believes that Bitcoin bear markets have always been prone to significant fluctuations, but he now sees a more immediate and potentially severe challenge: Quantum computing’s threat to Bitcoin’s encryption. Edwards warns if quantum threats are not addressed soon, possibly within the next year, a historic bear market could unfold for cryptocurrencies like Bitcoin. ‘I used to expect that future Bitcoin bear markets would become milder as markets mature,’ Edwards explained. ‘But this has changed now. I see the quantum threat as very important and urgent.’ If not resolved, he believes Bitcoin’s future could be significantly impacted, potentially leading to its most significant bear market in history.” }