Satoshi Nakamoto’s Multi-Billion Dollar Bitcoin Fortune At Risk After Quantum Hack? Analyst Counters Eventuality Of Massive Market Crash
Early Bitcoin (CRYPTO: BTC) investors would buy up Satoshi Nakamoto’s stash during a flash crash sparked by a quantum computer hack, cryptocurrency analyst Willy Woo predicted on Sunday.
What Happens After Bitcoin’s Quantum Hack?
Woo responded to an X post by English YouTuber Josh Otten about the potential of a functional quantum computer using Shor’s algorithm to break the encryption protecting Bitcoin’s oldest wallets.
Shor’s algorithm is a quantum algorithm widely believed to have the potential to break encryption systems such as Elliptic Curve Cryptography used to secure Bitcoin wallets.
This, Otten believed, would expose the private keys of Bitcoin creator Satoshi Nakamoto’s wallet, estimated to hold 1.096 million BTC, worth $98.25 billion, according to on-chain analytics firm Arkham.
“This would expose the private keys to Satoshi …
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