David Duong, Global Head of Investment Research at Coinbase, warns of significant risks for Bitcoin due to advancements in quantum computing. He highlights that wallets holding one-third of Bitcoin are exposed to these threats, altering the landscape of long-term security.
Duong identifies two major risks: economic disruption through efficient Bitcoin mining and the potential for direct theft of funds due to quantum technology’s capability to derive private keys. This poses a serious challenge to Bitcoin’s integrity and user safety.
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