Benchmark analyst Mark Palmer stated in a report on Thursday that while the threat of quantum computing to Bitcoin is real, it remains far off, and Bitcoin has ample time and technological flexibility to upgrade. The report points out that Bitcoin's primary vulnerability lies not in the SHA-256 hash algorithm, but in the Elliptic Curve Digital Signature Algorithm (ECDSA) that protects private keys. Palmer emphasized that no quantum computer currently exists capable of breaking ECDSA, and it is not expected to do so within the next 10 to 20 years. Currently, approximately 1 to 2 million Bitcoins are theoretically at risk of attack, including tokens from the Satoshi Nakamoto era and reused wallets. Coinbase's establishment of a quantum advisory committee this month marks a shift in the industry from theoretical discussion to institutionalized risk management.