Charles Edwards Links Bitcoin's $300k Target to Quantum Resistance
Bitcoin (BTC)
U.today reports that Bernstein forecasts Bitcoin reaching $150,000 by mid-2027 and $300,000 by 2029 due to sovereign debt and institutional demand. Capriole Investments founder Charles Edwards argues this scenario requires Bitcoin Core to implement quantum-resistant cryptography in time. He estimates fear of quantum threats currently depresses the asset's price by 30% via a hidden risk discount. Bernstein's model relies on institutional capital, which is sensitive to protocol security risks like Shor's algorithm. Approximately 20% to 30% of existing BTC is exposed to this vulnerability, including early-era wallets. Meanwhile, Glassnode data suggests the current cycle peak lies between $134,000 and $180,000. Bernstein's long-term optimism faces immediate on-chain resistance near $70,920.
What Whalio's data showed
Binance spot order flow for BTC, measured when this story was published on 26 August 2026.
Bitcoin trades at $78,539.14 with a 24-hour buy ratio of 51.0%, indicating a near-even split in order flow. The 1-hour buy ratio drops to 48.4%, showing immediate selling pressure compared to the 53.1% seen over the 4-hour interval. Volume delta confirms this short-term weakness, turning negative at -$2,340,106 for the hour versus a positive +$9,615,977 for the 4-hour period. Over 24 hours, net buying remains strong at +$40,417,819, though cumulative selling pressure is evident with a CVD of -$3,448,344. Buying pressure is fading in the short term but remains robust over the daily horizon. The market is currently absorbing supply despite the recent intraday shift toward sellers.