Over 6 Million Bitcoin Exposed as AI and Quantum Risks Rise
- More than 6 million bitcoin are behind public keys visible on-chain, representing 31.2% of the circulating supply.
- Exposed supply increased by 222,000 BTC (approximately $18.2 billion) since May, while total bitcoin supply grew by just 64,000 BTC.
- Exchanges hold 1.79 million BTC, with Binance exposing 83% of its holdings compared to Coinbase’s 10%.
- Fidelity holds about 375,000 BTC, with only 2% exposed, while Robinhood’s exposure is at 100%.
- Warnings from Ethereum researcher Justin Drake suggest that AI may soon find ways to break wallet cryptography.
The visibility of these public keys raises concerns about potential vulnerabilities in Bitcoin’s cryptography due to advances in AI and quantum computing technologies.
With over 222,000 BTC added to exposed holdings since May, the industry faces increasing scrutiny regarding security measures against emerging threats.(Source)
