BlackRock Warns of Bitcoin Vulnerability to Quantum Computing
- Quantum computers could potentially threaten Bitcoin by overriding cryptographic security.
- BlackRock suggests technological advances may render Bitcoin “flawed and ineffective.”
- Past digital asset source code flaws have led to functionality issues and theft.
- Bitcoin’s short existence implies unpredictable future risks.
- BlackRock’s IBIT ETF holds $70.1 billion in Bitcoin.
- Bitcoin is currently trading at $109,483.
BlackRock highlights that while quantum computing has not yet posed a threat to Bitcoin, its potential to compromise blockchain security remains a concern. Their IBIT ETF, backed by $70.1 billion in Bitcoin, underscores the cryptocurrency’s significance despite these risks.
Source (2.6)https://dailyhodl.com/2025/05/26/blackrock-issues-bitcoin-warning-says-btc-source-code-could-be-rendered-flawed-or-ineffective-by-quantum-computing/?rand=59076
