Experts Warn Quantum Computing Could Eventually Threaten Inactive Bitcoin Wallets

Paolo Ardoino, CEO of Tether, has predicted that in the future, quantum computing could access inactive Bitcoin wallets, potentially reintroducing large amounts of Bitcoin back into circulation.

While he acknowledges this risk, Ardoino stressed that it is still a long way off, as quantum computing is far from being capable of compromising Bitcoin’s cryptography at this stage.

Quantum technology, which has the ability to process complex problems that current computers cannot, could eventually target dormant wallets that are no longer actively managed. Since these wallets have no owner to protect the funds, they’re more susceptible to potential attacks. However, Ardoino suggested that wallets in use will likely implement quantum-resistant measures before any threat materializes, safeguarding assets from such risks.

The discussion has led some, like crypto trader Crypto Skull, to warn that if Satoshi Nakamoto’s long-untouched Bitcoin stash were ever compromised, it could send shockwaves through the market. Many have called for measures to prevent this, including freezing Nakamoto’s 1 million BTC to avoid exploitation.

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Billionaire investor Chamath Palihapitiya echoed similar concerns, advising Bitcoin holders to consider the eventual risks posed by quantum computing, even if it remains a distant threat. While the timeline remains uncertain, experts agree that steps should be taken now to mitigate the potential impact of this emerging technology.

Despite the concerns, experts note that developing quantum algorithms capable of breaking Bitcoin’s cryptography is still an enormous challenge. Recent studies have pointed out that the technology would require immense computational power—millions of qubits—before it could even begin to threaten Bitcoin’s security.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.