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Thursday Nov 27 2025 05:10
2 min
Saudi Arabia has joined the global race in quantum computing, with Saudi Aramco, the state-owned oil company, announcing the installation of its first quantum computer within the Kingdom. This move raises questions about its impact on the security of Bitcoin and other blockchain networks.
The quantum computer, with 200 qubits, was manufactured by French company Pasqal, specializing in quantum computing using neutral atoms. It was installed at Aramco's data center in Dhahran, a center dedicated to industrial applications such as energy modeling and materials research. Pasqal considers this system to be the most powerful it has delivered to date.
The rapid progress in quantum computing raises concerns about the ability of these computers to crack existing encryption systems, potentially endangering cryptocurrencies like Bitcoin. These concerns warn that quantum computers may be able to reveal private keys or forge digital signatures, allowing attackers to steal funds or compromise privacy protection mechanisms.
One of the main concerns is what is known as "Q-Day," the day when quantum computers become powerful enough to derive private keys from public keys and forge digital signatures. This threat is not limited to Bitcoin but extends to many security systems that support the global economy.
Despite these concerns, experts believe that current quantum computers are still far from being able to crack the complex encryption systems used in Bitcoin. However, the massive investments in this field suggest that this threat could become a reality in the future.
Currently, Bitcoin faces more pressing challenges than the threat of quantum computing, such as deteriorating market conditions and declining Bitcoin prices. Bitcoin ETFs have seen significant outflows, suggesting that institutions have stopped allocating Bitcoin in their investment portfolios.
Despite the current challenges, there is still some optimism about the future of Bitcoin, especially with expectations of monetary policy easing by the Federal Reserve. However, many analysts believe that the market may enter a period of consolidation, with strong resistance at the $90,000 level.
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