📊 The projected 20-year timeline for Bitcoin's preparation against quantum threats is collapsing. 25% of the total Bitcoin supply, approximately 4 million BTC, is currently stored in addresses vulnerable to quantum attacks, necessitating urgent migration.
🛡 The risk is not theoretical; IBM's advancements in quantum computing could lead to practical quantum advantage by 2026, with error-correcting systems expected by 2029.
💰 Vitalik Buterin has expressed concerns that quantum computers may break elliptic curve-based cryptography sooner than expected, potentially even before the 2028 US elections.
⚙️ The notion that Bitcoin can simply adopt post-quantum cryptography standards without haste overlooks the complexities involved in updating its signature scheme, which may require significant downtime during migration.
📅 The urgent need to address quantum vulnerabilities is underscored by the market relevance of this risk, as delays in transition could have catastrophic consequences for the security and value of Bitcoin.
