Bitcoin's Security Unlikely To Be Compromised By Quantum Computers This Decade

According to Odaily, Ki Young Ju, the founder and CEO of CryptoQuant, recently expressed his views on the X platform regarding the security of Bitcoin against quantum computing threats. He stated that it is improbable for quantum computers to crack Bitcoin within this decade, and it remains unlikely even in the next decade. Ju emphasized the importance of not being misled by individuals who lack understanding or by unfounded fear, uncertainty, and doubt (FUD) surrounding the topic. Ju's comments come amid ongoing discussions about the potential impact of quantum computing on cryptographic systems. As quantum technology advances, concerns have been raised about its ability to break current encryption methods, which could pose a threat to digital currencies like Bitcoin. However, Ju reassures that such a scenario is not imminent, urging the community to focus on factual information rather than speculative fears. The discourse around quantum computing and its implications for blockchain technology continues to evolve. While some experts acknowledge the theoretical risks, they also highlight the significant technological hurdles that must be overcome before quantum computers can pose a real threat to Bitcoin's security. Ju's remarks aim to provide clarity and confidence to those invested in the cryptocurrency space, encouraging them to rely on informed perspectives rather than sensationalized narratives.