Why Bitcoin's Biggest Quantum Critic Says Real Bull Market Starts at $80,000
Analysis
Price Impact
MedThe analysis by charles edwards, a well-known crypto figure, suggests a significant price target for bitcoin. while not a direct catalyst, his prediction of a bull market starting at $80,000 could influence investor sentiment and potentially trigger buying pressure if the price approaches that level.
Trustworthiness
MedPrice Direction
BullishThe article indicates that a sustained move above $80,000 would signal the start of a full-fledged bull market, suggesting a bullish outlook if this threshold is crossed. the $80,000 level represents the cost ceiling for major institutional players, and breaching it would imply widespread profitability and potentially lead to price discovery.
Time Effect
ShortThe immediate focus of the article is on the current market situation and the potential for bitcoin to reach $80,000, which points to a short-term to medium-term price movement. the mention of 2028 regarding quantum computing is a longer-term concern but not the primary driver of this specific prediction.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Capriole Investments founder Charles Edwards, known for his distinctive takes on Bitcoin, has released a new post analyzing the current BTC market situation through the lens of his mathematical models. Edwards is widely recognized in the crypto community as a sort of "quantum alarmist" and has persistently warned that the development of quantum computing could become an existential threat to Bitcoin as early as 2028. Advertisement However, his latest forecast is focused on a nearer horizon. According to Edwards, a sustained move above $80,000 would signal the official return of a full-fledged crypto bull market. Why Bitcoin needs $80,000 to claim bull run He bases this outlook on the Bitcoin Institutional Closed Basis indicator, shown on his chart as colored bands. These bands reflect the average purchase price of Bitcoin accumulated by large funds and public companies. In essence, it serves as a gauge of financial comfort or pain for institutional players. HOT Stories XRP Officially Recognized as Non-Security in New SEC Guidance Crypto Market Review: Is Bitcoin Ready for $100,000? Shiba Inu (SHIB) Bull Market Denied Abruptly, Ethereum's (ETH) Next Key Resistances Are Clear Now In this context, the $80,000 BTC level — more precisely, the upper extreme line near $81,487 — represents the cost ceiling for major market participants. A breakout above this zone would mean that virtually all institutional capital moves into a clear profit area. Advertisement BTC Institutional Cost Basis, Source: Charles Edwards From a structural standpoint, if the $80,000 barrier is breached, the market would remove the last major resistance level, after which a price discovery phase for Bitcoin could begin. Large sell-side supply would likely diminish. You Might Also Like Wed, 03/18/2026 - 06:31 Kiyosaki Tells Followers to Buy Bitcoin and Ethereum Now Ahead of Market Crash By Alex Dovbnya Despite this optimism, Charles Edwards remains committed to his quantum threat thesis for BTC. For him, the current rally is an opportunity for the network to accumulate resources and liquidity ahead of 2028, which he considers a critical deadline for the implementation of quantum-resistant protection. Advertisement #Bitcoin #Bitcoin News #Bitcoin Price Prediction