The Quantum Bitcoin Summit: A Grounded Look At The Issues
I wonāt pretend to deeply understand quantum physics, or quantum computing specifically, I donāt, but I grasp enough to know that the theory underlying it is sound. For certain classes of parallelizeable computations, the physical properties of quantum computersā qubits allow searching for correct answers in very large search spaces exponentially more efficiently than classical computers. We have proven mathematical algorithms for these faster computations for a number of different computational problems, and there are many more that donāt yet have proven algorithms.Ā The question is whether it is practical to achieve from an engineering perspective, i.e. can we actually build machines that are efficient, reliable, and powerful enough to actually take advantage of quantum theory in a way that is useful at solving real problems?Ā Thatās why I went to the Quantum Bitcoin Summit at the Bitcoin Presidio in San Francisco.Ā The small day and a half summit was attended by experts in both the quantum computing industry as well as Bitcoin developers. There were presentations on the current state of quantum computing, the specific risks to Bitcoin we would have to deal with after the development of a practical quantum computer, potential solutions we have to post-quantum cryptography, as well as debates over how to handle different aspects of the problem.Ā #Bitcoin #quantumcomputers
Bitcoin soars to new all-time high as US lawmakers focus on pro-crypto legislation
BitcoinĀ continued its rapid climb and hit another all-time high Monday as U.S. lawmakers begin a week focused on passing pro-crypto legislation.
Data from CoinMarketCap showed bitcoin climbed above $123,000 early Monday, up from about $108,000 only a week ago. The worldās oldest and most popular cryptocurrency is currently the fifth most valuable asset class in the world at $2.4 trillion, giving it a higher market cap than Amazon.
The enthusiasm for bitcoin comes as the U.S. House is set to take up several pieces of cryptocurrency-relatedĀ legislationĀ in whatās been dubbed ācrypto weekā in Congress. Lawmakers have been under pressure from President Donald Trump and the big-spending crypto lobby to pass legislation quickly.
That includes a billĀ passedĀ last month by the Senate that would regulate a type of cryptocurrency known as stablecoins. The House is also set to take up a cryptocurrency market structure legislation that is far more sweeping.
Crypto companies are increasing their sports investments and sponsorships as they seek to capitalise on renewed enthusiasm for the industry after Donald Trumpās return to the White House. Some of the most high-profile transactions this month included stablecoin group Tether buying a 5 per cent stake in Juventus, Italyās most successful football club with 36 league titles, while crypto exchangeĀ Gato.ioĀ struck a branding deal with Formula One racing team Red Bull Racing. The deals come as the crypto industry celebrates a revival that has been partly driven by support from Trump, who launched his own crypto coin days before his return to the White House last month. His election win propelled bitcoin to more than $100,000, leading to record trading volumes and raising the fortunes of crypto businesses. While the collapse of crypto exchange FTX in late 2022 left numerous sports teams and leagues out of pocket, bitcoinās resurgence has injected new life into the sectorās capacity to fund sports sponsorships. Crypto businesses have struck 22 deals with sports groups this year, compared to 18 in the same period last year, according to marketing agency SportQuake. The number of deals rose to 117 last year, up from 93 in the previous year, but still lower than the 173 struck in 2022. The average value of new deals since the start of 2025 is roughly $4.3mn, the agency said, compared to $2.6mn in the same period last year. For the whole of 2024, the annual value of new deals announced totalled $305mn, up from $247mn in 2023, but less than half the 2022 peak of $681mn.
#Binance #CryptoTips #altcoins Bitcoin Price Prediction: Bitcoin could Hit $200k to $300k by Christmas, Analyst Says, Citing Power Law Model.
Bitcoin's parabolic rally could continue through December, with a potential cycle top between $200K and $300K. Analysts point to power law models, Fed rate cuts, and ETF inflows as key catalysts behind the bullish outlook.
Bitcoin Could Hit $300K by Christmas Based on Long-Term āPower Lawā Model, Analyst Predicts
Bitcoinās surge to fresh all-time highs may be just the beginning of a parabolic move, with one analyst predicting that BTC could reach $200,000ā$300,000 by December 2025 if historical patterns play out.
Bitcoin (BTC) is currently trading at $122,763, up over 10% this month, and well ahead of its long-term trendline based on a āpower lawā model that has accurately mapped prior cycle tops, according to pseudonymous analyst apsk32.
āWeāre currently above 79% of the historical data using this metric,ā apsk32 wrote on X. āThe top 20% is what I call āextreme greedāāthe blow-off tops that come around every four years.ā
What Is the Power Law Model for Bitcoin?
The Power Law Time Contours model maps Bitcoinās exponential price growth not just by price, but by time, revealing how far current action deviates from historical averages. According to apsk32, Bitcoin is now more than two years ahead of its long-term curve. Unless prices correct, this level of deviation typically ends in euphoric blow-off tops.
The model places Bitcoinās āextreme greedā zone between $112K and $258K, similar to historic cycle peaks in 2013, 2017, and 2021. If this pattern continues, Bitcoin could rally into $300,000 territory before fading at the start of 2026. $BTC
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