My thoughts on quantum computing are terrifyingly real. Over the past few years, Bitcoin has faced many challenges—exchange shutdowns, massive hacks, and scams like FTX. But even amid all of this, those who believed in Bitcoin remained confident. I was one of them. But this time, things are different.

Charles Edwards, who runs Capriole Investments, recently said in a post that this is Bitcoin’s first true existential threat. Why? Because current cryptography can’t stand up to quantum technology. Edwards compared it to fighting modern warfare with old military tactics—without adaptation, Bitcoin won’t have a chance.

The most concerning point Edwards mentioned is that the industry is almost ignoring this issue. There’s no time to talk about how serious it is. Ki Young Ju, who runs CryptoQuant, has the same view. In his opinion, the network may have to make hard decisions to protect itself—submitting or keeping old addresses, or taking other measures. However, it would be difficult to implement this because the crypto community doesn’t always agree on protocol updates.

But not everyone is that worried. Jameson Lopp of Casa said that quantum computers are still far from being able to break Bitcoin’s cryptography. In his view, this isn’t a risk in the near term—there’s time, even across decades. Grayscale also said the same thing: in 2026, quantum computing won’t have any real impact on the crypto market. Michael Saylor also agrees with most cybersecurity experts that it will be many decades before this becomes a concern.

So the disagreement is clear. On one side, Charles Edwards and others say it’s urgent and being ignored. On the other, institutions say there’s time—there’s no need to rush. I think both sides need to be heard. Research should continue, but there’s no need to panic. What’s certain, though, is that this issue will become even more important in the coming years.