CoinShares Challenges Quantum Risk Estimates for Bitcoin

In a recent statement, CoinShares has put forth a critical perspective on the perceived risks that quantum computing poses to Bitcoin. The firm asserts that only 10,200 BTC are genuinely at risk from potential quantum threats, countering claims that the entire cryptocurrency landscape could be compromised.

According to CoinShares, the power of quantum computers would need to increase by a factor of 100,000 to pose a feasible threat to Bitcoin's security. This leap in computational capability, they argue, may require a decade or more of significant scientific advancements to achieve. As such, the narrative surrounding the imminent danger of quantum technologies to cryptocurrencies may be overstated.