Bitcoin's Quantum Threat Misunderstood, Says OneKey Founder

OneKey founder Yishi recently addressed misconceptions regarding the so-called 'Google 2029 deadline' for quantum computing. According to PANews, Yishi clarified that this internal migration target is unrelated to when Bitcoin might be compromised by quantum computing, and linking the two is misleading. Yishi refuted claims that 6.26 million BTC are at risk, explaining that only early P2PK addresses with long-exposed public keys are vulnerable. Standard addresses, if not reused, do not expose public keys, making the risk assessment exaggerated. He further emphasized that Bitcoin relies on signatures rather than encryption, eliminating the possibility of a 'store now, break later' attack. Current quantum devices possess only a few thousand noisy qubits, whereas breaking ECDSA would require millions of stable qubits. Yishi acknowledged the reality of the quantum threat but noted it is not imminent. The Bitcoin community is already advancing post-quantum cryptography solutions, and there is no need for panic.