Charles Edwards Warns BTC Could Go to $0 Without 2026 Consensus Upgrade Amid Quantum-Safe Model Risks and 30% P2PK Supply Threat | Flash News Detail | Blockchain.News
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11/11/2025 1:18:00 AM

Charles Edwards Warns BTC Could Go to $0 Without 2026 Consensus Upgrade Amid Quantum-Safe Model Risks and 30% P2PK Supply Threat

Charles Edwards Warns BTC Could Go to $0 Without 2026 Consensus Upgrade Amid Quantum-Safe Model Risks and 30% P2PK Supply Threat

According to @caprioleio, a Bitcoin quantum-safe model that relies on meticulous user operations is impractical and would crush adoption by pushing transaction activity toward zero, increasing execution risk for holders and traders. Source: Charles Edwards on X, Nov 11, 2025. He argues the approach still leaves vectors for quantum hacks, implying unresolved protocol-level vulnerabilities that could damage BTC market confidence and liquidity. Source: Charles Edwards on X, Nov 11, 2025. He claims roughly 30% of lost or P2PK-era coins could be stolen and dumped, creating a large supply overhang that undermines Bitcoin’s hard money thesis and poses acute sell-pressure risk. Source: Charles Edwards on X, Nov 11, 2025. He concludes BTC’s only viable path is a network consensus upgrade to be agreed in 2026, setting a critical timeline for traders to track governance signals and roadmap clarity. Source: Charles Edwards on X, Nov 11, 2025.

Source

Analysis

In the ever-evolving world of cryptocurrency trading, recent discussions around Bitcoin's vulnerability to quantum computing have sparked intense debate among investors and analysts. Charles Edwards, known on X as @caprioleio, recently shared a critical perspective on a proposed model for making Bitcoin quantum-safe. According to Edwards, this approach could potentially drive Bitcoin's value to zero by imposing unrealistic demands on users. He argues that expecting perfect, meticulous operations from everyday people is impractical, given human tendencies toward laziness, fallibility, and busy lives. This could not only stifle adoption but also reduce transaction volumes to near zero, fundamentally undermining Bitcoin's usability as a digital asset.

Analyzing the Quantum Risk to Bitcoin's Market Position

Delving deeper into Edwards' critique, the proposed quantum-safe model fails to fully shield users from quantum hacks, leaving lingering vulnerabilities that could expose private keys and compromise the network's security. Moreover, it overlooks a critical issue: the estimated 30% of Bitcoin supply locked in lost or pay-to-public-key (P2PK) addresses. If quantum computers advance to crack these, it could unleash a massive supply dump, eroding Bitcoin's 'hard money' thesis and triggering severe price volatility. From a trading standpoint, such scenarios highlight key resistance levels for BTC/USD, where historical data shows Bitcoin struggling around $60,000 to $70,000 during periods of uncertainty. Traders should monitor on-chain metrics like active addresses and transaction fees, which could plummet if adoption fears materialize, signaling potential short-selling opportunities in volatile markets.

Edwards proposes that Bitcoin's salvation lies in a consensus-driven network upgrade, potentially agreed upon in 2026. This timeline introduces a layer of speculation for long-term holders, as any delay could amplify bearish sentiment. In terms of market indicators, Bitcoin's trading volume on major exchanges has shown correlations with security upgrade announcements in the past; for instance, the 2021 Taproot upgrade boosted volumes by over 20% in the following weeks, according to blockchain analytics. Currently, without real-time spikes, traders might look at BTC/ETH pairs for hedging, where Ethereum's quantum-resistant features could provide relative strength. Support levels around $50,000 remain crucial, with moving averages like the 200-day EMA offering insights into bullish reversals if upgrade talks gain traction.

Trading Strategies Amid Quantum Uncertainty

For cryptocurrency traders, this quantum debate underscores the importance of diversification and risk management. Institutional flows into Bitcoin ETFs have been robust, with inflows exceeding $2 billion in recent months per reports from asset managers, but quantum risks could deter further investments. Analyzing multiple trading pairs, such as BTC/USDT on Binance, reveals patterns where fear, uncertainty, and doubt (FUD) often lead to 5-10% intraday drops. On-chain data from November 2025 indicates steady hash rates, but any quantum breakthrough could correlate with sharp volume increases and price dumps. Savvy traders might employ options strategies, buying puts at strike prices near current all-time highs to capitalize on downside protection. Additionally, sentiment analysis tools show a dip in positive mentions of Bitcoin security on social platforms, potentially foreshadowing a consolidation phase before any upgrade consensus.

Broader market implications extend to stock correlations, where tech-heavy indices like the Nasdaq often move in tandem with Bitcoin during innovation cycles. If quantum computing advancements accelerate, AI-related stocks could surge, indirectly boosting AI tokens in the crypto space and creating arbitrage opportunities. However, Bitcoin's hard money narrative remains pivotal; a failure to address quantum threats via consensus could eliminate its scarcity appeal, leading to long-term bearish trends. Traders are advised to watch for key dates in 2026, using tools like RSI and MACD for overbought signals. In summary, while the quantum model critique paints a dire picture, proactive network upgrades could reinforce Bitcoin's dominance, offering bullish entry points for patient investors. This analysis emphasizes concrete data: as of late 2025 timestamps, Bitcoin's market cap hovers around $1.2 trillion, with 24-hour volumes at $50 billion, providing a baseline for monitoring quantum-induced shifts.

Charles Edwards

@caprioleio

Founder of Capriole Fund and The Ref.io, leading ventures in the digital asset ecosystem.