Bitcoin Is Rising To The Quantum Challenge, Galaxy Report Says
Bitcoin’s quantum risk is real, but the network is not sleepwalking into it. That is the core conclusion of a March 19 research note from Galaxy Digital, which argues that while a sufficiently powerful quantum computer could one day threaten exposed Bitcoin wallets, developers are already doing substantial work on mitigation and migration. Will Owens, […]
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Quantum computing has become a durable risk narrative for Bitcoin. This week, Galaxy Digital head of research Alex Thorn sat down with Strategy executive chairman Michael Saylor addressing the issue, shortly after Saylor posted his own “Bitcoin Quantum Leap” thesis on X. “The Bitcoin Quantum Leap: Quantum computing won’t break Bitcoin—it will harden it. The […]
Galaxy Digital moved quickly to push back on a narrative that a massive Bitcoin trade it handled was driven by fears about quantum computers. Reports say the massive trade happened, but the firm’s researchers made it clear that the motive was not a sudden technological panic. Related Reading: Elon Musk’s xAI Seeks Human Brain To […]
New research shows Bitcoin is facing a discount of about 20% due to the Quantum Computing threat, and it could rise further without an upgrade. Bitcoin Quantum Discount Could Hit 60% By 2028 Capriole Investments founder Charles Edwards has published a new research piece on how the Quantum Computing risk could discount the fair value of […]
Quantum computing is a form of computing based on quantum physics. Where classical computers rely on bits (zeros or ones) to make calculations, quantum computers use quantum bits (qubits) that leverage quantum mechanics to exist in a “superposition”: a combination of zero and one, with some ...
The rapid pace of development may make quantum computers a reality by the end of this year. Computer Science is one of the rapidly advancing fields. The progression of Bitcoin mining hardware since the cryptocurrency’s inception in 2009 is a good example. Now, the next giant leap for computing is stated to be Quantum Computing and it may soon become a reality, or at least that’s what a leading science publication states. There have been instances in the past when people have expressed their doubts about the future of Bitcoin once quantum computers become a reality. But the community took....