Bitcoin Should Be Flying—Instead, Quantum Risk Keeps It Grounded: Analyst
According to on-chain analyst Willy Woo, a long-running rise in Bitcoin’s value Prominent Bitcoin educator and author Andreas Antonopoulos has also pushed back, noting that quantum computers would affect banks, governments, and the entire internet—not just Bitcoin. He argues that global security standards would be strengthened long before Bitcoin faced a unique crisis, making the current concern premature. Yet Woo points to unusual flows, including activity by early-era holders. Reports say some Satoshi-era wallets have seen transfers over the last 12 months, and that behavior can change market sentiment fast. Sometimes a few large moves are enough to tilt prices for weeks.Related Reading
Bitcoin And Gold: Diverging Paths Amid Market Volatility
At the time of writing, Bitcoin (BTC) is trading at $68,700, indicating market volatility due to the inability to sustain last year’s peak at around $126,000.
Gold, for its part, is trading at around $4,950 per ounce due to safe-haven pressures driven by market uncertainty. Bitcoin is still a speculative asset, while gold is a traditional store of value, some analysts say.
The correlation coefficient between Bitcoin and gold is relatively weak, almost to the point of being nil, suggesting that these two assets are not correlated and tend to move independently.
Featured image from Unsplash, chart from TradingView
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