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Hoskinson Outlines Bitcoin Quantum Scenarios, Predicts $250K by 2026 Despite BIP-361 Flaws

Cardano founder Charles Hoskinson warned on a podcast of Bitcoin's quantum risks, outlining three scenarios—do nothing, soft fork enabling 15-20% theft, or BIP-361 leaving ~1.7 million BTC ($127B) vulnerable, including Satoshi's ~1.1 million ($82B). The debate began April 16 with his mockery of BIP-361 as 'legalized theft' for freezing legacy addresses after 3-5 years to protect ~34% of supply (~7M BTC, $536B), but he deems recovery impossible for pre-2013 wallets. Despite governance volatility near $75K, Hoskinson cites inflows for upside to $250K by year-end.

Category

Bitcoin

Sentiment

Mixed

Event

Market commentary

Reading time

1 min