Capriole Founder Predicts Bitcoin’s Fall Below $50,000 Due to Quantum Threat

Bitcoin may drop below $50,000 by 2028 due to quantum threats, says Capriole's Charles Edwards.

By 2028, the price of the leading cryptocurrency could drop below $50,000 if its network does not become resistant to quantum attacks. This opinion was shared by Charles Edwards, founder of the investment fund Capriole.

Starting to think we will just need a huge bear market to wash out the idiots who think the Quantum threat to Bitcoin is a joke, and to incentive the maxis into taking action to upgrade the network. If We haven’t deployed a fix by 2028, I expect Bitcoin will be sub $50K and…

— Charles Edwards (@caprioleio) December 17, 2025

At the time of writing, Bitcoin is trading around $86,300. The expert’s forecast suggests a 42% drop from the current level.

“Starting to think we will just need a huge bear market to wash out the idiots who think the Quantum threat to Bitcoin is a joke, and to incentive the maxis into taking action to upgrade the network,” he wrote.

According to Edwards, a solution needs to be deployed by 2026. The head of Capriole warned that inaction will lead to the largest crash in history, making the FTX collapse seem like a “walk in the park.”

In a separate post, he stated:

“The four-year Bitcoin cycle is over. The quantum one has begun.”

Quantum Threat Still Distant

Many experts believe that quantum computing will hit banks before Bitcoin. Edwards disagrees with this assertion: according to him, the financial sector is already transitioning to post-quantum encryption, which cannot be said for the leading cryptocurrency.

*Taps the sign* pic.twitter.com/ROMWrY7gGr

— Charles Edwards (@caprioleio) December 17, 2025

Some are convinced that the quantum threat will not become real until at least 2030. Among them is analyst Willy Woo. In his view, by that time developers will have implemented quantum-resistant encryption standards.

To protect digital gold, Woo also suggested moving assets to SegWit addresses and keeping them there for about seven years. A similar initiative was voiced by a group of developers led by Casa’s CTO Jameson Lopp.

Their plan involves a mass migration of users to secure addresses and the subsequent locking of vulnerable old wallets.

Bitcoin maximalist Adam Back considers the danger exaggerated. According to his predictions, computers capable of breaking Bitcoin’s cryptography will not appear for another 20-40 years.

Back in December, Woo stated that in the event of a hypothetical quantum attack on Satoshi Nakamoto’s wallets, “old whales” will protect the market.