CryptoQuant CEO Warns of Bitcoin’s Quantum Computing Vulnerability
- Approximately 6.89 million BTC could be compromised by advances in quantum computing.
- About 1 million BTC is linked to Bitcoin’s creator, Satoshi Nakamoto, increasing the stakes.
- Around 1.91 million BTC are stored in legacy P2PK addresses with permanently exposed public keys.
- Up to 4.98 million BTC may have vulnerable public keys from previous transactions.
- Approximately 3.4 million BTC have been dormant for over a decade, including coins linked to Satoshi.
Ki Young Ju emphasized that if quantum computers can break current cryptography, it poses a significant risk to Bitcoin’s security and user funds, particularly affecting older address formats and dormant coins.
The potential exposure of millions of Bitcoins highlights the urgent need for discussions on mitigating quantum threats, especially regarding the fate of Satoshi’s 1 million BTC.
