According to external sources, the Investment Bank Bernstein ' s latest report had placed the medium- and long-term target price of bitcoin at $1.55 million in mid-2027 and $0.3 million in 2029, including sovereign debt pressures and institutional inflows. However, Charles Edwards, founder of Capriole Investments, believes that one of the prerequisites for this path to be established is the timely completion of the antiquator security upgrade by Bitcoin.

Long-term valuation of low quantum risk

Edwards indicated that the market was already pre-pricing such risks. He estimated that the fear of calculating the threat around quantum could expose the current price of bitcoin to a risk discount of about 30 per cent.

The article mentions that institutional funds are more sensitive to the security of agreements. Some previous analyses suggest that about 20 to 30 per cent of the existing bitcoin may be exposed directly to the risks associated with the Shor algorithm, especially the early address and the wallet of the public key.

Community discussion on two promotion proposals

In this context, Bitcoin core developers are currently discussing BIP-360 and BIP-361. The former is to introduce a ML-DSA-based back-quantitative address, while the latter proposes to freeze bitcoin in the old fragile format after five years of upgrading.

Meanwhile, Galaxy Digital has allocated US$ 5 million through its Bitcoin Quantum Reardines programme to facilitate preparations. The article also mentioned that the Taifung Foundation had also adjusted the Layer 1 protection route this month, with the target upgrade being 2029.

The chain model saw between $134,000 and $180,000.

Glassnode’s chain gives a valuation range closer to the current cycle than Bernstein’s optimistic projections for future years. Based on the MVRV pricing belt, the reasonable height of the current cycle of Bitcoin is roughly between $134,000 and $180,000.

According to the article, to start this round, the market would need to break through the resistance position near US$ 70,920. The region collects more of the existing storage costs and is usually a more active location for the sale.