Quantum Computing’s Limited Threat to Bitcoin
- CoinShares states that Bitcoin‘s quantum vulnerability is not an immediate crisis.
- Researchers estimate millions of qubits are needed for a threat, far beyond current quantum capabilities.
- Even the most advanced quantum computers are currently too weak, delaying potential risks to the 2030s or later.
- Approximately 1.7 million BTC, or about 8% of supply, reside in legacy P2PK addresses with exposed public keys.
- Gradual upgrades are preferred over aggressive protocol changes to maintain Bitcoin’s neutrality and trust.
CoinShares highlights that while quantum computing poses a theoretical risk to Bitcoin, it is not an imminent threat due to current technological limitations in quantum machines.
The firm emphasizes that meaningful risks from quantum computing might not emerge until the next decade, allowing ample time for adaptation through gradual system upgrades rather than drastic changes. (Source)
