According to CoinMeta, Capriole Investments founder Charles Edwards stated that for Bitcoin to achieve a historic price of $300,000, it is essential that core Bitcoin developers implement quantum-resistant cryptography in a timely manner. He estimates that market fear of this threat has artificially depressed the current price of Bitcoin by 30%. Additionally, investment bank Bernstein released a report today predicting that Bitcoin will rise to $150,000 by mid-2027 and to $300,000 by 2029, driven mainly by sovereign debt crises and institutional demand. Currently, the market needs to overcome the key resistance level of $70,920 to initiate this upward trend.