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Friday Oct 31 2025 20:30
1 min
The accelerating advancements in quantum computing are raising increasing concerns about the security of Bitcoin and other cryptocurrencies. Although still in its early stages, its potential to break current encryption poses a significant challenge.
Amit Mehra, a partner at venture capital firm Borderless Capital, suggests that quantum computing could pose a threat to Bitcoin and other proof-of-work algorithms in the near future. The company is currently focusing on studying the development of quantum resistance technologies.
Mehra believes that it will take until the end of this decade for quantum computing to be fully developed, but he warns against underestimating the rapid evolution of technology. He emphasizes that recent advancements in chip technology and the power of decentralized computing make this a potential "problem" in the near future.
Charles Edwards, founder of quantitative digital asset fund Carpriole, warns that the situation is even more urgent, urging the industry to adopt solutions as soon as possible before it is too late. He stressed that if Bitcoin does not solve the quantum problem in the next year, gold will outperform it forever.
In July, SUI Research unveiled a new cryptographic framework designed to protect blockchains from quantum computing threats, without the need for hard forks, new addresses, or key resets. However, this solution does not solve the problem for Bitcoin or Ethereum.
In addition, the US government is reportedly considering investing in quantum computing to protect national security interests. The US Department of Commerce may allocate funds to this nascent technology to remain competitive with China.
Risk Warning: This article represents only the author’s views and is provided for informational purposes only. It does not constitute investment advice, investment research, or a recommendation to trade, nor does it represent the stance of the Markets.com platform. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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