Opinion: After Consensus on Bitcoin’s Quantum-Resistant Proposal, the Price Will Undergo a Dramatic Restructuring

BlockBeats News, on February 13, Bullish and CoinDesk senior analyst James Van Straten commented on the BIP-360 proposal, stating that after the bitcoin price reached $60,000, the entire industry finally began to take this threat seriously, and this progress is gratifying.

Straten noted that once consensus is reached, the market may see a dramatic 50-100% price revaluation within weeks. However, he also expressed concerns about the disposal of bitcoin held by "Satoshi Nakamoto" and other long-dormant bitcoin.

Previous reports indicated that Bitcoin Improvement Proposal 360 (BIP-360) has been added to the official codebase. This proposal introduces the Pay-to-Merkle-Root (P2MR) output type, aiming to enhance bitcoin's defense against quantum computing threats through a soft fork.