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Bitcoin’s long-standing edge over gold has cracked. Onchain analyst Willy Woo noted the BTC-to-gold valuation trend, which had been intact for over a decade, broke amid rising quantum computing concerns, with markets possibly factoring in risks to roughly 4 million “lost” BTC.
12 YR TREND BROKEN.
BTC should be a valued a LOT HIGHER relative to gold.
Should be. IT'S NOT.
The valuation trend broke down once QUANTUM came into awareness.
Don't read this post if you want to stay high on hopium instead of seeing things as they are. pic.twitter.com/Qa2YKDlRMp
— Willy Woo (@willywoo) February 16, 2026
The cryptocurrency fell to $68,938 after a 0.77% daily loss. However, it remains oversold, with daily RSI at 36.39, and weekly at 30.06 – levels indicating potential exhaustion among sellers. Month-on-month, Bitcoin RSI has plummeted from 46.55% in January 2026, to 41.56% in February 2026, placing it firmly in the red zone.
The latest conversation in the cryptosphere is concerning the threat quantum computing poses to Bitcoin’s ECDSA signatures – potentially allowing powerful machines to derive private keys from public addresses. According to Woo’s analysis, he estimates a 75% chance that lost coins aren’t frozen in a hard fork, leading markets to discount scarcity.
JUST IN: Bitcoin Improvement Proposal 360 has been merged into the official Bitcoin BIPs repository, aiming to strengthen Bitcoin against quantum 👀 pic.twitter.com/kAAdHWqj2y
— Bitcoin Magazine (@BitcoinMagazine) February 12, 2026
As a consequence, Q-Day could arrive in 5–15 years, though current tech is far from capable. This contrasts with gold, where miners increase supply when prices rise, while Bitcoin’s code enforces fixed issuance regardless of market conditions. Many believe this has reflected on the market, pushing more holders to sell off.
Ran Neunar, CNBC’s crypto trader and founder of popular YouTube channel, Crypto Banter, posted that after 12 years, this is the right time to question Bitcoin’s thesis. He claims that the real issue is with bitcoin’s behavior when met with risk off conditions, not the drawdown itself.
On X, discussions centered on quantum computing carried a sense of fear and anxiety over what is to come. Carlos Creus Moreria, cybersecurity expert and founder of SEALSQ.com provided a lengthy analysis. In the post, he maintained that quantum risk is no longer a distant future concern, but a pressing responsibility as the rapid advance of quantum computing introduces the “harvest now, decrypt later” threat.
Quantum risk is no longer a future problem — it’s a present-day responsibility.
The transition to quantum computing is accelerating, and with it comes a very real cybersecurity threat: “harvest now, decrypt later.” Data stolen today can be decrypted tomorrow once quantum…
— Carlos Creus Moreira (@CreusMoreira) February 17, 2026
The former UN expert claims adversaries now steal encrypted data today to decrypt it once quantum capabilities mature. This, he said, prompted a decisive U.S. response, with the country setting up the Post-Quantum Cryptography standards in 2024. He also added that NSA’s CNSA 2.0 mandates quantum-safe systems starting in 2027, and legacy cryptography is set for full phase-out by 2031.
Quantum risk is no longer a future problem — it’s a present-day responsibility.
The transition to quantum computing is accelerating, and with it comes a very real cybersecurity threat: “harvest now, decrypt later.” Data stolen today can be decrypted tomorrow once quantum…
— Carlos Creus Moreira (@CreusMoreira) February 17, 2026
Some other reactors dismissed the fears as overblown, noting cryptography’s cat-and-mouse nature requires ongoing upgrades. Metrics show OI holding at $43.53B with minimal 0.14% 24-hour change, and liquidations cooling to $94.60M (mostly longs at $67.43M), suggesting the shakeout may be nearing an end without immediate quantum-driven panic.
Bitcoin traded at $68,002.50 on February 17, 2026, down 1.32%.
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