Headline: Analysts Calm Crypto Fears: Quantum Threat to Bitcoin Manageable and Years Away Translation: Analysts Calm Crypto Fears: Quantum Threat to Bitcoin Manageable and Years Away

Benchmark analysts have described the quantum threat to the leading cryptocurrency as «long-term» and «manageable.» In a recent report, the experts urged against succumbing to panic, as reported by The Block.

Researcher Mark Palmer acknowledged the theoretical vulnerability of Bitcoin’s cryptography but emphasized that actual attacks are still «decades away, not years.» Developers have ample time to adapt the protocol accordingly.

A powerful quantum computer could, in theory, calculate a «private key» from public data. However, Palmer clarified that the threat is limited to coins held in addresses with already exposed public keys.

According to Benchmark’s estimates, between 1 to 2 million BTC are vulnerable. This encompasses funds in reused addresses or wallets from the «Satoshi era.» Alternative assessments offer a different view: K33 researcher Vetle Lunde highlighted that 6.8 million BTC are at risk. However, he noted the uncertainty of timelines and advocated for coordination among developers rather than panic selling.

Expert predictions regarding the timing of a real threat vary:

Benchmark also refuted the notion that Bitcoin’s architecture is inflexible. Analysts reminded us of successful soft forks like Taproot and forecasted a smooth transition of the network towards quantum resilience.

Major players have already started preparing for the post-quantum era:

Investors remain cautious as well; previously, Jefferies strategist Christopher Wood excluded Bitcoin from his model portfolio, labeling quantum technologies as an existential threat to the network.

It is worth noting that leading analyst at Checkonchain, James Check, stated that the primary reason for the first cryptocurrency’s weakness lies in large-scale selling by long-term holders, not concerns regarding the asset’s long-term outlook.