According to Charles Edwards, Bitcoin (BTC) has entered a "Quantum Event Horizon," with the upgrade timeline now overlapping the front-edge risk window for quantum attacks on Bitcoin’s encryption, requiring network consensus on BIP360 in 2026 to mitigate the threat (source: Charles Edwards). He states this security overhang is a primary reason BTC has been underperforming Gold, making BTC/Gold relative performance a key lens for traders assessing risk premia and market leadership (source: Charles Edwards). Edwards also flagged a near-term catalyst via his Thursday talk outlining a plan, implying that developer and governance signals around BIP360 could be volatility drivers for BTC and related crypto assets (source: Charles Edwards).

According to @caprioleio, he is very long Bitcoin and expects BTC to go higher in the next months, indicating his near-term bullish outlook for price action, source: @caprioleio on X, Oct 8, 2025. He warns that Bitcoin needs an agreed quantum-safe solution by 2026 at the latest to mitigate quantum risk, source: @caprioleio on X, Oct 8, 2025. He adds that if the network is even one minute late on quantum readiness, Bitcoin could go to zero, highlighting a time-critical security risk for BTC holders, source: @caprioleio on X, Oct 8, 2025. This frames a trading stance of near-term bullishness with a clearly defined 2026 security deadline risk, per @caprioleio, source: @caprioleio on X, Oct 8, 2025.