CoinShares: Just 10K Bitcoin at Risk from Quantum Attacks

CoinShares reveals that only 10,000 Bitcoin are susceptible to quantum threats, primarily stored in small wallets.

According to a recent report by CoinShares, only a small fraction of Bitcoin is deemed at risk from potential quantum computing attacks, amounting to approximately 10,000 BTC. This vulnerable Bitcoin is primarily held in wallets containing fewer than 100 BTC each.

CoinShares elaborates on the significant time required to compromise these wallets, estimating that it could take as much as a thousand years to breach one. This suggests that while the threat from quantum computing is real, the immediate risk to the majority of Bitcoin may not be as severe as feared.