Bitcoin Adoption Slowing Due To ‘Perceived’ Quantum Risk? Popular Analyst Says What Matters Is If Investors Can Sniff The Peril

Cryptocurrency analyst Willy Woo expressed concerns Wednesday over the perceived quantum risk affecting Bitcoin’s (CRYPTO: BTC) adoption.

Quantum Vulnerability Affecting Taproot Adoption?

In an X post, Woo pointed out a significant decline in Taproot adoption, from 42% to 20%, since 2024.

The Taproot upgrade, activated in November 2021, was meant to improve the privacy and efficiency of the network, particularly for complex multi-signature transactions.

However, Woo deemed the upgrade, one of the most significant in recent history, as “quantum vulnerable.”

Interestingly, Jameson Lopp, a well-known Bitcoin security expert, had also found Taproot addresses as susceptible to quantum attacks in March.

Full story available on Benzinga.com