In this episode, Nik Bhatia welcomes back Stephen Perrenod, PhD in astrophysics and Bitcoin mathematician, to tackle the looming quantum computing threat to Bitcoin and its implications for security and value. Stephen unpacks Google’s latest advancements in qubit technology and why Bitcoin’s cryptographic security remains strong despite quantum computing’s progress. He explores the potential vulnerabilities in early Bitcoin addresses, the role of quantum-safe solutions like BIP360, and the roadmap to implementing these protections across the network. Shifting to Bitcoin’s price, Stephen uses the power law to project a trajectory toward $200,000, explaining how historical trends and reduced volatility align with this outlook. Together, Nik and Stephen outline how Bitcoin can not only withstand the quantum challenge but continue to thrive as a secure and transformative global asset.

📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc

Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball

Chapters:

00:00:00 Introduction and Bitcoin's Power Law  

00:05:20 Evolution of Supercomputing: From CPUs to Quantum Processors

00:10:11 Quantum Entanglement in Problem Domains  

00:15:00 Early Stage Quantum Computing and Its Challenges  

00:19:59 Vulnerabilities in Bitcoin Cryptography  

00:25:52 Quantum Computers and Bitcoin Mining

00:30:01 Quantum Safety: Preparing for the Future

00:36:01 Bitcoin Price Analysis and Power Law Model Prediction

00:40:22 Bitcoin Price Predictions for 2025

The Bitcoin Layer and its guests do not provide investment advice.