Willy Woo Says Quantum Risk Is Eroding Bitcoin’s Edge Over Gold

On-chain analyst Willy Woo said markets are starting to price in a quantum-computing threat to Bitcoin, a development he argues undermines Bitcoin’s valuation advantage relative to gold ^[1]. Woo highlighted that the emergence of quantum risk calls into question long-held narratives about scarcity and security that supported Bitcoin’s premium over gold ^[1][2].

Woo pointed specifically to a break in a more than 12-year trend of Bitcoin outperforming gold and noted that market pricing now raises doubts about roughly 4 million BTC classified as ‘lost,’ which could be exposed by future quantum-capable attacks unless cryptographic upgrades are adopted ^[1][2].

Market commentators say the quantum conversation is arriving as other dynamics—such as leveraged short positioning, SOPR stabilization, exchange-traded fund inflows and key technical levels—are influencing near-term price sensitivity and liquidation risk, adding complexity to how investors price Bitcoin’s outlook ^[4][3].

Analysts and media coverage indicate that the growing focus on quantum threats is prompting reassessment of Bitcoin’s risk profile and its historical valuation relationship with gold, while market structure and leverage remain important near-term factors to watch ^[1][4].