Quantum Computer Threat to Bitcoin: Experts Dismiss Scenario as Unrealistic

Quantum Computer Threat to Bitcoin: Experts Dismiss Scenario as Unrealistic

Fear of quantum computers as Bitcoin killers is spreading, but industry experts reject the threat as exaggerated.

While sentiment in the crypto market remains tense, a new negative narrative is emerging: quantum computers could allegedly render Bitcoin worthless overnight. However, upon closer examination, this scenario appears highly implausible.

First, there is no consensus among experts about when quantum computers might even be capable of cracking private keys [1]. Moreover, these technologies are primarily being developed by major powers such as the USA or China – nations that themselves hold Bitcoin and therefore would have no interest in devaluing their own holdings.

From a game theory perspective, an attack on Bitcoin would be inefficient: critical infrastructure, government encryption, or military systems would represent far more attractive targets [1]. Furthermore, Bitcoin is not a static system – the community already has a solution approach in the form of Bitcoin Improvement Proposal (BIP) 360.

Experts point out that the quantum threat is not a Bitcoin-specific problem, but rather affects all internet-based systems. Anyone who rejects Bitcoin for this reason would logically also have to question online banking and cloud infrastructure [1].

Sources

  1. [1]btc-echo.de

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