Does the quantum computer threatens the price of bitcoin

Any achievements in quantum calculations disturb investors in Bitcoin (BTC). But is the progress in this area really so dangerous?

We understand when quantum calculations will become a real threat to bitcoin.

The quantum threat to BTC is real, but exaggerated

By the time of writing this material, quantum calculations have advanced greatly. Recently, Google introduced the Willow 105-cube processor, and Microsoft released the Majorana 1 chip. However, to hack bitcoin cryptography, quantum computers will be required with 1,500-3,000 stable cubes, which is still unattainable.

Quantum computers work differently than classic ones. They are not only faster, but also able to instantly solve complex problems, including cryptographic algorithms. BTC, like most other cryptocurrencies, relies on cryptography to protect transactions and wallets. In the case of a sudden breakthrough in the field of quantum calculations, addresses that use outdated encryption methods will become vulnerable. Under the threat, for example, there will be a wallet of Satoshi Nakamoto, on which about 1.1 million bitcoins are stored, and also about 25% of all coins at re -used addresses.

In the short term, current achievements in the field of quantum calculations can cause panic sales. With the worst scenario, the price of bitcoin can collapse by 30% or even 50% in just a few days. However, this does not mean that cryptocurrency will completely depreciate. Most likely, the developers will quickly update the network by introducing quantum and resistant cryptographic standards. Emergency measures may include migration to new secure addresses and the introduction of quantum-shealing encryption methods.

Decentralization – key shield

The transition to quantum-resistant technologies is a difficult task. It requires coordinated actions of miners, exchanges and developers of wallets. However, the decentralized nature of Bitcoin is its main advantage. The community can quickly introduce the necessary updates.

Long -term recovery will depend on the flexibility of cryptocurrency users. In case of a successful transition, the price of bitcoin is quickly stabilized after the initial shock, and the confidence of investors will remain. The threat of quantum calculations is real, but so far it does not require immediate response.

Experts believe that the critical period will come only in 2030–2035. The community has time for the preparation and implementation of protective measures. It turns out that even if a breakthrough in quantum calculations occurs tomorrow, this will lead to temporary shocks in the Bitcoin market. However, the price of BTC will not reach zero. The main thing is to adapt the network in time.

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