PANews reported on January 30 that according to The Block, Wall Street research firm Benchmark released a report arguing that the threat posed by quantum computing to Bitcoin is “long-standing and manageable”, refuting the growing panic in the market. Analysts pointed out that quantum computing does pose a theoretical vulnerability to Bitcoin cryptography, but actual attacks are likely to take “decades rather than years” to give the network plenty of time to upgrade and respond. In theory, only those addresses where the public key has been exposed (such as reused addresses or early “Satoshi era” wallets) are at risk, not the full supply. The report cites estimates from some researchers that such vulnerable addresses may contain between 1 million and 2 million Bitcoins, which is more conservative than some estimates of about 7 million.
There is a huge divide in the industry on the threat timeline: venture capitalist Chamath Palihapitiya has predicted that the threat could appear in the next two to five years, while long-time Bitcoin contributor Adam Back believes that the risk may not become a reality until 20 to 40 years later. The Benchmark report emphasizes that the Bitcoin network is not rigid and has dealt with substantial risks through upgrades such as Taproot in the past, and the transition to quantum-resistant algorithms is expected to follow a similar gradual path.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin at $81,848 Would Trigger $1.56B in Short Liquidations on Major CEXs
Gate News message, April 23 — According to Coinglass data, if Bitcoin breaks above $81,848, cumulative short liquidations across major centralized exchanges would reach $1.56 billion.
Conversely, if BTC drops below $74,105, cumulative long liquidations would total $1.428 billion.
GateNews4m ago
Bitcoin Futures Open Interest Declines 5.74% in 24 Hours, Total Positions at $60.08B
Gate News message, April 23 — According to Coinglass data, Bitcoin futures open interest across all exchanges fell 5.74% over the past 24 hours, with total positions now standing at $60.08 billion.
Among major platforms, a leading CEX
GateNews1h ago
Bitcoin and Ethereum Options Worth $98.7B Set to Expire
Gate News message, April 23 — Bitcoin and Ethereum options with a combined notional value of $98.7 billion are set to expire this month. According to on-chain data, 109,000 BTC options will expire with a put-call ratio of 0.93 and a maximum pain point of $72,000, representing a notional value of $85
GateNews2h ago
Morgan Stanley Purchases 143.34 BTC Worth $11.17 Million
Gate News message, Morgan Stanley bought 143.34 BTC worth $11.17M around an hour ago. Now they hold 1.964K BTC worth $153.41M.
GateNews2h ago
Bitcoin Falls to $78,326 After Trump Issues Military Warning Over Iran Strait
Gate News message, April 24 — Bitcoin retreated to approximately $78,326 on Thursday after U.S. President Donald Trump issued a military warning to Iran, stating he had ordered the U.S. Navy to "shoot and kill" any Iranian vessels placing mines in the Strait of Hormuz. The pullback followed a rally
GateNews3h ago
