According to Eric Balchunas, the advent of quantum computing, or 'Q-Day,' presents a catastrophic and immediate threat to the entire cryptocurrency market, including Bitcoin (BTC) and Ethereum (ETH). The core risk stems from 'Harvest Now, Decrypt Later' attacks, where, as IBM Quantum's Vice President Jay Gambetta warns, nation-states are already collecting encrypted data to be broken by future quantum computers. This risk is so significant that BlackRock, in its Bitcoin ETF filing, cited quantum advances as a critical threat that could 'undermine the viability' of current cryptographic standards. Researchers estimate that 4 million Bitcoin, or 25% of the usable supply, are vulnerable. For Ethereum, co-founder Vitalik Buterin has already proposed emergency hard-forks, which could lead to prolonged network downtime. While some predict Q-Day is 5-7 years away, a Reuters report cites Tilo Kunz of Quantum Defen5e suggesting it could be as early as 2025. The article concludes that for traders and investors, the only path forward is an urgent migration to post-quantum cryptography, as existing digital assets without such security could become worthless.

According to @BillGates, the cryptocurrency market faces two significant existential threats that traders must monitor. The first is the imminent danger of quantum computing, or "Q-Day," which could break the encryption securing crypto wallets. Jay Gambetta of IBM Quantum warns that nation-states are already engaging in "Harvest Now, Decrypt Later" attacks, collecting encrypted data to be broken by future quantum computers. This risk is so significant that BlackRock cited quantum advances as a critical risk in its Bitcoin ETF filing, stating it could "undermine the viability" of cryptographic algorithms. Researchers warn that this could put 4 million Bitcoin (BTC) at risk of theft, and Ethereum (ETH) co-founder Vitalik Buterin has already proposed emergency hard-fork solutions. The second major threat stems from the Web3 venture capital model, which is criticized for resembling Ponzi schemes that prioritize rapid token exits for insiders over sustainable product development. This practice is drawing increased regulatory action, highlighted by a $198 million SEC fraud case and a multi-year prison sentence handed down by a New York judge for a similar scheme. These combined technological and structural risks create a volatile environment, suggesting that the future value of digital assets like BTC and ETH depends on overcoming both the quantum threat and unsustainable funding practices.

According to Crypto Daybook Americas, Bitcoin (BTC) is trading at $106,015, up 1.63% from Thursday, buoyed by reduced geopolitical risks after President Trump delayed potential U.S. military action in the Israel-Iran conflict, lowering odds on Polymarket from 70% to 40% for immediate intervention. However, CryptoQuant analysts warn BTC could drop to $92,000 if demand fails to rebound, citing a 60% decline in ETF flows since April and slowing whale activity. Traders should watch technical resistance at the 20-day EMA and key events like Optimism (OP) and Sui (SUI) token unlocks for market direction.

According to @KookCapitalLLC, Dave Portnoy, initially claimed he did not intend to 'rug' Jailstool token but later conducted a livestream criticizing the crypto community before allegedly executing a 'rug pull'. This incident highlights the recurrent risk associated with celebrity-endorsed cryptocurrencies where investors face potential losses.

According to Mihir (@RhythmicAnalyst), there is a widespread misunderstanding among influencers regarding the economic challenges and potential risks facing the cryptocurrency market. This lack of clarity, compounded by prevailing narratives, could affect trading decisions and market perceptions.