Willy Woo Warns Quantum Risk Is Weighing on Bitcoin’s Gold Narrative

[nihalsari]

Willy Woo says growing concerns around quantum computing are beginning to affect Bitcoin’s long-term valuation — particularly versus gold.

Woo argues that markets are starting to price in the possibility of a future “Q-Day,” when quantum computers become powerful enough to break current public key cryptography. In that scenario, roughly 4 million “lost” Bitcoin — whose public keys are already exposed — could theoretically be recovered if private keys were derived.

That would represent about 25–30% of total supply, potentially weakening Bitcoin’s digital scarcity narrative. Woo estimates there’s only a 25% chance the network would agree to freeze those coins via a hard fork — a move that would spark intense governance debate around immutability and property rights.

As a result, he believes Bitcoin may trade at a structural discount to gold for the next 5–15 years as investors factor in this non-trivial quantum risk.