BlackRock Warns of Quantum Computing Threat in Bitcoin ETF Risk Disclosure

BlackRock has updated its S-1 registration statement for the iShares Bitcoin Trust (IBIT), introducing new language that outlines the potential risks posed by quantum computing. This revision, filed on May 9, reflects growing industry awareness of how advanced computing technologies could impact cryptographic systems used in digital assets. BlackRock Flags Theoretical Quantum Risks to Bitcoin Security In the filing, the asset manager warned that future advancements in quantum computing may undermine the security framework underpinning Bitcoin. Should quantum technology evolve far beyond its current state, it could render the cryptographic algorithms used by Bitcoin obsolete source: https://beincrypto.com/blackrock-warns-quantum-computing-could-risk-bitcoin/