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).