Quantum risk, seen as a major threat to Bitcoin (BTC) and altcoins, continues to be debated, with two differing viewpoints on the subject.
Accordingly, while some analysts argue that quantum risk is exaggerated, others state that the danger is real and that quantum resilience needs to be achieved quickly.
At this point, popular analyst Willy Woo stated in his analysis that Bitcoin should achieve quantum resilience within the next 5 to 10 years.
In this context, Woo predicted that Bitcoin could enter a significant long-term bull cycle in the next 5 to 10 years if it overcomes the risks associated with quantum computers.
Woo also added that if Bitcoin solves the quantum threat problem, competing assets could disappear.
Woo also commented on Bitcoin’s price trend, presenting an uptrend scenario after a long period of sideways movement.
Woo stated, “Bitcoin could trade sideways at tens of thousands to hundreds of thousands of dollars for the next 8 to 12 years, but it could experience a ‘mega surge’ jumping to the millions of dollars range in a period of 12 to 16 years.”
Circle Takes an Important Step!
As discussions about the quantum threat continue, crypto company Circle has made a significant move.
Accordingly, Circle has announced its quantum-resilient roadmap for its self-developed Layer 1 (L1) blockchain, Arc.
The plan involves implementing quantum resilience across its entire infrastructure, including wallets and validators, and adding post-quantum signature functionality to the mainnet as an optional model for users.
Circle has warned that if quantum computing technology develops rapidly, it could threaten current public-key cryptographic systems even before 2030.
The company also warned against “Collect Now, Decrypt Later” attacks, where encrypted data is collected now and then decrypted later using quantum computers.
*This is not investment advice.
