Advances in quantum computing could eventually pose a threat to Bitcoin’s cryptographic security, but the risk remains manageable and unlikely to cause existential disruption, according to a new research report by Bernstein. In the report, the Bernstein team — Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra — described quantum computing as a “manageable upgrade cycle” rather than an “existential risk.” Recent breakthroughs, including research from Google showing a significant reduction in the resources required to break modern encryption, have accelerated the timeline for potential threats. However, building quantum…
Bitcoin Has 3–5 Years to Prepare for Quantum Risk: Bernstein
