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BTC price will find it difficult to establish a new record high if Bitcoin developers don't take the quantum threats seriously, one analyst says.More than 85,000 BTC from Satoshi-era or decade-old wallets have moved in the past year, suggesting some early holders may be repositioning.
that roughly 6.7 million BTC worth over $450 billion is stored in wallets that could become easier to target if quantum computers ever grow powerful enough to break Bitcoin’s cryptography.That includes a large cluster of legacy wallets holding 50 BTC each, a leftover from Bitcoin’s early mining era when that was the block reward. Many of those so-called “the longer-term risk is concentrated in dormant addresses, and moving them may reduce the quantum risks, a warning some early holders may already be taking seriously.show that more than 85,000 BTC from Satoshi-era or decade-old wallets have moved in the past year, though the true total may be higher. Also, these papers are not fully independent. Some authors hold stakes in Oratomic, and six are employees, meaning its conclusions may also support the company’s commercial interests. This is such bullshit lmao. Don't let them fud you out. I read up on quantum computing once and the tech is much further away than they make you believe. Today the highest count is 6K qubits held for 13 seconds. Thats far far away from the 500K required for 9 min - especially…BTC remains under pressure as multiple analysts highlighted the quantum threat. That included Charles Edwards, founder of Capriole Investment, who“Could see us bottoming 2026-2027, and have our last bullrun before this becomes a real threat.”“These papers both show advancements in algorithmic efficiency and quantum computing theory, but one should not overlook the assumptions underlying these claims,” he“Progress is clearly continuing. How long do we have before a cryptographically relevant quantum computer can be built? That's still anyone's guess.”This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
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