Bernstein's $300K Bitcoin Prediction Ignored Quantum Risk Warning

Charles Edwards, a Bitcoin analyst, claims that there is a 30% hidden discount in the current price of $BTC due to the risk of quantum computers compromising its security. This comes as the Bitcoin Core developers discuss post-quantum security options with BIP 360 and BIP 361.

The Glassnode data shows that the first critical level for this cycle is at $70,920. Meanwhile, Bernstein has predicted that Bitcoin could reach a price of $300,000 by 2029.

It's worth noting that Charles Edwards' claim of a hidden discount in the current price of Bitcoin due to quantum risk may be a concern for investors, but it's unclear how this will impact the price target set by Bernstein. The discussion around post-quantum security options and the data from Glassnode suggest that there are still many factors at play in the cryptocurrency market.