On-chain analyst Willy Woo says Bitcoin may fail to complete its post-quantum migration before Q-Day, which is estimated to fall between 2028 and 2030. He warns that 1.7 million lost or vulnerable BTC, worth $136 billion, could be stolen and dumped on the market. Glassnode estimates that 6.26 million BTC, or 31.2% of total supply, are vulnerable to quantum attacks. Woo expects the resulting Bitcoin sell-off to create a major buying opportunity, while the estimated adoption probability of the BIP-360 dual-phase migration proposal rose to nearly 60% on October 25.
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