In a move that sparked significant debate within the cryptocurrency community, BlackRock published a video on December 17, 2024, containing statements suggesting that the limited supply of Bitcoin, which is capped at 21 million coins, might be subject to modification. This statement opened the door to questions about the future of Bitcoin as a scarce asset. However, these remarks could be indirectly connected to advancements in quantum computing, particularly technologies being developed by companies like Google. In this article, we will explore the impact of these statements on Bitcoin and whether quantum computing is playing a role in these developments.
The Provocative Statement by BlackRock
In the video published by BlackRock, officials discussed Bitcoin and its fixed supply of 21 million coins, which is considered one of its key features as a scarce asset. However, they hinted that this number, which is fundamental to the Bitcoin protocol, might not be set in stone forever. The speakers suggested that the supply cap set by Satoshi Nakamoto could potentially change in the future, depending on network developments or market needs.
This statement ignited intense debates within the Bitcoin community, as some viewed any modification of the supply cap as a serious blow to the essence of Bitcoin as a scarce and reliable asset. Altering this number could undermine Bitcoin's ability to maintain its rarity, which could negatively impact its value as an investment asset.
Quantum Computing and Its Impact on Bitcoin’s Security
One factor that might be indirectly linked to BlackRock's statements is the rise of quantum computing technologies. Google is one of the leading companies investing in this field, which promises to have the ability to solve complex mathematical equations that form the basis of the security of blockchain technology, used in Bitcoin. If quantum computers were able to break these cryptographic equations faster than traditional systems, Bitcoin could face significant challenges in maintaining the security of its transactions.
If quantum computing proves capable of disrupting the security of the blockchain, there may be a need for Bitcoin to update its protocols to safeguard itself from any potential threats. This could be why BlackRock hinted at the possibility of modifying the supply or protocols in the future.
Potential Impact on the Bitcoin Market
If the idea of increasing the supply of Bitcoin or modifying its protocols to adapt to quantum computing were to be implemented, it could have a profound impact on the Bitcoin market. This could potentially lead to a loss of confidence in Bitcoin as a hedge against inflation. Bitcoin is viewed as a store of value because of its fixed supply, and any modification of this supply could raise doubts about its ability to maintain its scarcity.
On the other hand, if Bitcoin is able to adapt effectively to these technological challenges, it may remain one of the most stable digital assets on the market. This largely depends on how well the network is prepared to develop its protocols to address quantum computing and any security threats that may arise in the future.
Conclusion
The recent statements from BlackRock about the supply of Bitcoin might be a step toward adapting to future challenges in the cryptocurrency world, including the potential threats from quantum computing. If these technologies are able to break the security of the blockchain, modifying Bitcoin’s protocols could become necessary to maintain the security of the network and ensure its longevity. However, any changes to the supply cap could raise questions about the value of Bitcoin as a scarce asset, potentially affecting its value and investor confidence.

Sources:
1. Bloomberg
2. Reuters
3. CoinDesk
4. Financial Times
5. BlackRock Official Video
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In a seminar organized by the Pheu Thai Party in Hua Hin on December 13, 2024, Thaksin Shinawatra, the former Prime Minister of Thailand, urged the Thai people to embrace digital currencies, especially Bitcoin. He mentioned that his friends believe the price of Bitcoin could rise to $850,000 in the future, warning that Thailand must be prepared for this growing global economic trend. He also revealed that his daughter, Prime Minister Paethongtarn Shinawatra, has instructed the government to explore using Bitcoin in tourist destinations such as Phuket and Hua Hin, through a trial program for Bitcoin transactions.
Additionally, Thaksin proposed the idea of issuing stablecoins backed by government bonds as an alternative to printing more money, which could help inject liquidity into the Thai economy without increasing public debt. He also warned of potential trade tensions with the U.S. if Donald Trump returns to the presidency, suggesting that Trump could use Bitcoin to pay down U.S. debt, highlighting the growing importance of digital currencies in global economic policies.
Thaksin also clarified that his remarks about cryptocurrency taxation, including a potential 15% VAT on Bitcoin transactions, were intended to provoke thought and discussion, rather than to recommend immediate policy changes.
Despite these concerns, Thailand is moving forward with its exploration of integrating digital currencies into its financial system, with Bitcoin and other cryptocurrencies playing an increasingly significant role in the global economy.

Sources:
Cryptopolitan News
Bitcoin Sistemi EN
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On December 17, 2024, Bitcoin made an important breakout at $108,268,44 opening the path toward the target price of $120,000 by the end of the year. This forecast is based on in-depth technical analysis considering several key factors, including historical prices, technical indicators, and the current economic conditions. Although both December 20 and 21, 2024, are highly likely, the forecast suggests that December 21 is the most probable day for reaching the target price.
Bitcoin Technical Analysis:
1. Resistance Breakout: In the past few days, we have seen a strong breakout of the resistance level at $103,000. Such a move indicates that the cryptocurrency is heading toward new levels. By examining Bitcoin's historical movements, it’s clear that breaking resistance often leads to a significant price increase in the following days.
2. Relative Strength Index (RSI): The RSI continues to register high values above 50, indicating that the market is not yet overbought. This means there is room for the price to continue rising to higher levels. An RSI above 70 typically signals overbought conditions, but we have not reached that point yet.
3. Price Patterns in December Across Previous Years: In December 2017 and 2021, Bitcoin experienced significant upward movements around December 20 and 21. In 2017, Bitcoin's price rose from about $16,000 to over $20,000 in the last days of the month. In 2021, a similar rise was observed during the same period. These patterns suggest that these days tend to be strong periods in the market.
4. Current Economic Factors: The increasing institutional interest in Bitcoin in recent months, along with the growing acceptance of cryptocurrencies in global markets, suggests that the demand for Bitcoin may peak in the final days of December. These economic factors help support the expected price rise.
Reasons for the Forecast on December 21:
1. Seasonal Trends: Markets often experience price increases as the holidays and year-end approach, with some investors taking stronger positions before the year ends. December 21 is close to the start of the official year-end celebrations, which could lead to greater market momentum.
2. Current Resistance and Breakouts: If Bitcoin has started breaking strong resistance levels in recent days (as seen in the current chart), December 21 may see continued momentum, with more buying power accumulating.
3. Pattern-Based Forecasts: In technical analysis, certain patterns often repeat in cryptocurrency markets. It seems that December 21 aligns with market movements toward achieving higher levels based on the momentum of the previous days.
Forecast:
Reaching $120,000 for Bitcoin by the end of December 2024 seems realistic based on technical analysis and current economic factors. Given indicators like RSI, price gaps, and surrounding economic conditions, it is likely we will see this bullish trend continue on December 21.

Sources:
1. CoinMarketCap – Historical Bitcoin price data.
2. Investopedia – Technical analysis of cryptocurrencies.
3. TradingView – Charts and technical indicators.
4. Bitcoin Magazine – Economic reports on Bitcoin.
5. CryptoQuant – Fundamental analysis data for cryptocurrencies.
Tags:
#Bitcoin #CryptoAnalysis #btcprice120k #December2024 #CryptoForecast