The post Is Bitcoin Ready for Quantum Computing? Experts Weigh In appeared on BitcoinEthereumNews.com.

Galaxy Digital’s Head of Research, Alex Thorn, has raised the alarm over the looming threat of quantum computing to Bitcoin (BTC). He has warned that the danger is greater than many realize. Thorn emphasized that while a quantum attack would affect all forms of public key cryptography and, by extension, all cryptocurrencies, the potential solutions to safeguard Bitcoin are not the best, yet. How is Quantum Computing a Threat to Bitcoin? For context, quantum computing threatens Bitcoin by potentially breaking its cryptographic security. This includes elliptic curve cryptography (ECC) and hash functions like SHA-256. Quantum computers could derive private keys from public ones, enabling unauthorized access.  While quantum-resistant cryptography is being developed, the timeline for a fully secure solution remains uncertain. Despite this, not everyone is convinced of the effectiveness of solutions to protect Bitcoin. “Quantum is a bigger threat than people realize, and the options to fix it for Bitcoin specifically are worse than people realize,” Thorn posted. When asked about a potential timeline for the emergence of this threat, Thorn acknowledged that no one truly knows, making it one of the most challenging questions in the field. “This is a ‘national security’ level question,” he claimed. Thorn suggested that by the time it happens, it will already be too late to respond. His latest concerns resonated with many. Nate Geraci, President of the ETF Store, reaffirmed his earlier position. He noted that Bitcoin, like any technology, has the potential for vulnerabilities that could emerge with time and advancements. “There’s a non-zero chance Bitcoin could be hacked. If it can be created, it can be destroyed,” Geraci added. Furthermore, some have taken a stronger stance, forecasting that quantum computing could lead to Bitcoin’s eventual decline.  “Right time to invest in Bitcoin was before 2020. I am heavily researching on the…

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Filed under: News - @ April 30, 2025 12:28 pm