3 Reasons Why The ‘Bitcoin Quantum Threat’ Is Overstated: Report

Fears around quantum computing breaking Bitcoin (CRYPTO: BTC) are overstated as the practical threat is distant, limited in scope, and manageable through gradual protocol upgrades, according to a new research report by CoinShares.

Quantum Risk Is Long-Dated And Narrow

Only about 10,200 BTC, held in a small number of large legacy Pay-to-Public-Key (P2PK) addresses, could pose a meaningful market risk if compromised, CoinShares noted in its report.

That figure far below claims that 2%–50% of Bitcoin’s supply is vulnerable.

While roughly 1.6 million BTC remain in legacy address formats, coordinated attacks are highly impractical even …

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