Quantum Computing Poses Significant Risk to Bitcoin Security, Study Finds

According to PANews, a report by Deloitte reveals that approximately 25% of Bitcoin could be vulnerable to quantum attacks. If these Bitcoins are not transferred to quantum-resistant addresses in time, the advent of powerful quantum computers could result in losses amounting to hundreds of billions or even trillions of dollars. Charles Edwards, founder of digital asset management firm Capriole Investment and a long-time Bitcoin advocate, emphasized that the threat posed by quantum computing is more imminent than commonly perceived. He urged the community to establish a defense system by 2026. Edwards also questioned whether some investors are downplaying the threat to maintain optimistic expectations and warned that a delay in the quantum technology race could render Bitcoin worthless.