“I expect it to outperform bitcoin,” says Charles Capriole.
An ETF that tracks this index is in the works.
Investment firm Capriole announced the launch of its Quantum Index, a new financial product designed to act as a hedge against the risks that quantum computing could pose to the security of the Bitcoin network.
Charles Edwards, founder of the company, communicated through his social networks that This index is an “important hedge” until Bitcoin is resistant to quantum computing.
Edwards explains that one of the main fears in the ecosystem is that, in the future, sufficiently powerful quantum computers could break the cryptographic algorithms that protect bitcoin (BTC) on the network.
The new index groups companies working on the development of quantum technology. Edwards expressed a high expectation about its financial performance, stating: “I expect it to surpass the returns of bitcoin.”
In addition, he announced that among the future plans is the development of an exchange-traded fund (ETF) that replicates the behavior of this index, thus facilitating investment.
He advertisement generated debate in the community. While some investors showed interest, others accused Edwards of spreading FUD (fear, uncertainty and doubt) to promote his product. In response, the founder of Capriole defended his position, stating that Its intention is to make visible a risk that it considers underestimated and that he will continue to insist on the topic during the next year.