Quantum computing risks are weighing on Bitcoin’s (BTC) relative valuation against gold, according to analyst Willy Woo. The development of quantum computing has spread concerns across the tech and financial sectors, as future breakthroughs could potentially undermine current encryption standards. Although such capabilities are not considered imminent, the long-term threat has raised questions about Bitcoin’s security model and how markets price that uncertainty. Has Quantum Computing Entered the Bitcoin Valuation Equation? Woo argued that Bitcoin’s 12-year outperformance relative to gold has broken, marking a significant structural shift
source: https://beincrypto.com/quantum-computing-bitcoin-gold-valuation-risk/