Onchain analyst Willy Woo says markets are starting to price in the quantum threat, putting 4 million “lost” BTC and a 12‑year valuation uptrend versus gold into question.
Onchain analyst and early Bitcoin adopter Willy Woo is warning that increasing attention to quantum computing risk is starting to weigh on Bitcoin’s long-term valuation case against gold.
Woo argued in a Monday X post that markets had begun to price in the risk of a future “Q‑Day” breakthrough — shorthand for the moment when a powerful enough quantum computer exists to break today’s public key cryptography.
Roughly 4 million “lost” Bitcoin (BTC) — coins whose private keys are presumed gone — could be dragged back into play, Woo argued, if a powerful quantum computer could derive private keys from exposed public keys, undermining part of Bitcoin’s core scarcity narrative.
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