The 12-Year Trend Between Bitcoin (BTC) and Gold Has Broken! Willy Woo Explains Why and What the Consequences Are!

Popular on-chain analyst Willy Woo recently shared his thoughts on the quantum threat facing Bitcoin ($BTC) and cryptocurrencies.

According to Woo, markets have begun pricing in the quantum threat, starting to put downward pressure on the Bitcoin price.

Woo noted that the 12-year trend between Bitcoin and gold has been broken at this stage “It’s not true that Bitcoin is crushing gold, but it should be a very good thing to do so now.”

According to Woo, there’s only one reason for this: quantum mechanics.

The post, which was posted by Woo today from his X account, is charted with $BTC’s performance against gold since 2010 and has been on the list of $1. In this chart, “Bitcoin steadily revalued against gold for 12 years,” and clearly shows an upward trend. However, this is no longer a trend of s.

“$BTC should be worth much more than gold. It should be. But it isn’t.”

“As Quantum gained recognition, the valuation trend was disrupted.”

The market and Bitcoin are now pricing in the hope of a quantum computer that could break current public-key cryptography, Woo said “This would allow recovery and return to private keys for an estimated four million permanently lost Bitcoins.”

This is more than 8 years of institutional accumulation,’ Woo also noted that the probability for Bitcoin to perform a hard fork to freeze these coins before the network is saved has been estimated at just 25%.

However, Woo ultimately ruled that Q-Day — the point at which quantum computers will be threatened by real threats — is still 5 to 15 years away from now. Nevertheless, markets are not waiting for this event and are pricing it in advance.

*This is not investment advice.

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