The founder of Capriole Investments revealed how Google searches related to “Quantum Computing Bitcoin” have risen near the top.
Bitcoin Saw Increased Interest in Quantum Threat During Bull Run
In a new post on X, Capriole Investments founder Charles Edwards talked about the trend in Google search interest about the threat of Quantum Computing to Bitcoin.
Below is a NYDIG chart cited by an analyst that plots Google search data for “Quantum Computing Bitcoin” against the price of the cryptocurrency.
Looks like interest in the search term hit a peak last year | Source: @caprioleio on X
As shown in the graph, Google search interest in the topic saw a significant increase just as last year’s bull rally reached its peak. This would mean that the price appreciation brought the risk assessment closer to the threat of Quantum Computing in cryptocurrency.
Quantum Computing is an emerging technology that could, in theory, exploit weaknesses in old BTC wallets to access the tokens stored within them and dump them on the market.
The timeline related to when Quantum Computing might be advanced enough to do this is still uncertain, but it has nevertheless raised concerns for many in the BTC community. Edwards has been one of the most vocal when it comes to this issue, urging the community to work together to find a solution as soon as possible.
Based on Google’s search interest chart, the analyst said, “Risk assessment was at a high level where the price was, leading to a bearish outlook, a leading indicator of a price decline.” Shortly after the metric peaked, the stock saw a bearish reversal today that took it below the $70,000 mark. “Quantum threat brought Bitcoin down,” Edwards said.
From the graph, it can also be seen that the same trajectory was seen during the price increase that occurred in late 2024. Back then, the topic saw a slight upward pullback and quickly faded when the cryptocurrency fell.
Interest in the topic has decreased during this period and Bitcoin has declined, but it remains well above the low since the beginning of 2025, which is a possible sign that interest in risk has increased. “The good news is, at least this means that we are starting to get traction and attention in the right areas to solve the problem (Strategy, Eth base etc.),” commented the founder of Capriole.
Analyst Willy Woo also made an X post discussing the risk of Quantum. As the chart shared by Woo shows, the price of Bitcoin vs Gold broke a twelve-year trend recently.
The trend in the XAUBTC ratio over the years | Source: @willywoo on X
The XAUBTC ratio was in a downtrend for twelve years, but its value saw a reversal last year and has been on the rise. “The rating system went down when QUANTUM became aware,” explained the analyst.
BTC price
At the time of writing, Bitcoin is trading around $68,600, down 2.4% from last week.
The price of the coin seems to have been moving sideways over the past few days | Source: BTCUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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