All this talk about “Quantum Computing will break Bitcoin” reminds me of when crypto twitter was spreading the “China Bitcoin Ban” news that started in 2019, where that FUD brought Bitcoin down to a low of $4,000 in 2019. That caused about an 80% drop in value from its previous ATH of $20,000 in 2018.
I’m not saying that we’ll see another 80% drop from the $126,000 ATH of 2025, but if that same scenario were to occur it could push Bitcoin down to around $25,000 in the peak of the bear market.
There is a lot of commentary on X at the moment about Bitcoin going down to $45,000, which would be about 64% below the ATH of 2025.
This is a possible scenario as Bitcoin is currently at $68,000 making it already down 46% from previous ATH.
Of course there are a lot of other global economic factors that affect how markets move. But I’ve always believed the entire market is manipulated and if the powers at be want to force a sell off, they will pull that trigger.
And if you still don’t understand why “they” would want to crash the market, just take a deep dive into short selling and you’ll see how it motivates “them” to crash markets for profit.