Veteran crypto fund manager Charles Edwards says Bitcoin’s (CRYPTO: BTC) current slump is not what concerns him — but the quantum computing threat very much does.
Why Bitcoin Must Upgrade
Bitcoin has endured brutal downturns before, yet the Capriole Fund founder says this cycle feels different.
Edwards noted he has lived through multiple crypto crashes, including 50% daily drawdowns, the $3,000 Bitcoin era, exchange failures, hacks and even the collapse of FTX.
In prior cycles, he said, there was never serious doubt about Bitcoin’s long-term survival, downturns represented opportunity.
This time, his concern is not price, but what he calls a growing quantum computing threat: “I am …