Did Quantum Panic Crash Bitcoin? Google Knows Your Secrets!

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So, apparently, the founder of Capriole Investments-a man who presumably spends his days staring at charts and muttering about “bear traps”-has discovered something truly groundbreaking: people Google things when they’re scared. Specifically, they Google “Quantum Computing Bitcoin” when the price of Bitcoin is doing its best impression of a rollercoaster on meth. Who knew?

Bitcoin’s Bull Run: A Time for Greed, Fear, and Quantum Paranoia

In a recent post on X (formerly Twitter, because why not rename everything every five minutes?), Charles Edwards, the aforementioned chart whisperer, pointed out that Google searches for “Quantum Computing Bitcoin” peaked right when Bitcoin hit its last high. Shocking, I know. It’s almost as if people start worrying about the apocalypse when they’ve got something to lose.

Here’s the chart Edwards cited, which I’m sure took a team of highly paid analysts to create. It lines up Google search data for “Quantum Computing Bitcoin” with the cryptocurrency’s price trajectory. Spoiler alert: they both go up and down. Groundbreaking stuff.

As you can see, just as Bitcoin was reaching its peak, so too was the world’s interest in whether quantum computers were going to steal all their imaginary money. Because nothing says “I’m rich” like worrying about a technology that doesn’t fully exist yet.

Quantum Computing, for those of you who haven’t been keeping up with your TED Talks, is the next big thing that will either save us all or destroy us. In this case, it’s supposedly going to crack open old Bitcoin wallets like a nutcracker at Christmas, dumping all those precious tokens onto the market. When will this happen? Who knows! But it’s definitely something to lose sleep over.

Edwards, ever the alarmist, has been shouting about this from the rooftops, urging the Bitcoin community to “work together” on a solution. Because nothing brings people together like the threat of their digital wealth being vaporized by a machine that’s still in the “theoretical” phase.

According to Edwards, the surge in Google searches was a “leading indicator” of Bitcoin’s subsequent decline. “The Quantum threat drove Bitcoin down,” he declared, as if quantum computers were sitting in a basement somewhere, cackling and shorting Bitcoin futures.

Interestingly, the same pattern emerged during the 2024 price surge. Back then, the panic was slightly less pronounced and faded quickly once the market calmed down. This time, however, the interest has lingered, suggesting that the floor for quantum paranoia has risen. “The good news,” Edwards noted, “is that at least we’re getting attention in the right places.” Because nothing says “problem solved” like a bunch of people Googling things.

Analyst Willy Woo (yes, that’s his real name) also chimed in, sharing a chart that shows Bitcoin’s price compared to gold. Apparently, the trend broke down once “QUANTUM came into awareness.” Because, of course, the moment people started worrying about quantum computers, they all decided to sell their Bitcoin and buy gold. Makes perfect sense.

BTC Price: Still a Thing

At the time of writing, Bitcoin is trading around $68,600, down 2.4% over the last week. Here’s a chart to prove it, because what’s a financial article without at least three charts?

So, there you have it. Quantum computing: the bogeyman of the Bitcoin world. Or, as I like to call it, the perfect excuse for why your cryptocurrency investment isn’t performing as well as you’d hoped. Sleep tight!

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2026-02-17 07:11