Tether CEO Warns of Quantum Computing Threat to Lost Bitcoin Wallets
- Tether CEO Paolo Ardoino predicts quantum computing could enable hacking of lost Bitcoin wallets.
- Active crypto users are expected to transfer funds to quantum-resistant wallets.
- Bitcoin from abandoned or inaccessible wallets, including Satoshi’s, may be vulnerable.
- The total Bitcoin supply remains capped at 21 million, unaffected by potential hacks.
- Bitcoin is currently trading at $96,108 with a slight decrease in the last 24 hours.
Paolo Ardoino of Tether suggests that while quantum computing poses no immediate risk to Bitcoin cryptography, it could eventually lead to the recovery of Bitcoin from lost wallets. Active users are likely to protect their assets by using quantum-resistant addresses. Despite potential vulnerabilities, the fixed supply of Bitcoin ensures its scarcity remains unchanged.
Source (2.6)https://dailyhodl.com/2025/02/10/tether-ceo-paolo-ardoino-says-quantum-computing-will-allow-hackers-to-take-bitcoin-from-lost-wallets/?rand=59076
