Does quantum computing really threaten Bitcoin? Here’s a different perspective on the topic!

Concerns are growing that quantum computing could pose a threat to Bitcoin, but a recent analysis downplays the risk and puts it into a more realistic context.

Analyst James Cheek believes that the worst-case scenario, in which hackers attack the old currency and sell it on the market, will not lead to a catastrophic collapse as rumored, but will be closer to the usual market cycle.

The controversy comes as 6.9 million Bitcoins in circulation are believed to be at risk due to the exposure of their public keys.

But Czech explained that this number is misleading because it is divided into different categories based on risk levels.

A small portion of these tokens are held in recent addresses owned by active users, allowing them to act quickly if a new threat emerges.

While trading platforms and financial institutions account for the largest share, they may already be working to increase protections.

The most sensitive part is the approximately 1.7 million early Bitcoins (Satoshi Nakamoto’s addresses), most of which are believed to have been missing for years.

Nonetheless, Czech believes the market is capable of absorbing such a large supply, with data showing the market absorbing between 10,000 and 30,000 Bitcoins per day during the rise, meaning the stock’s liquidation could continue for months without a sudden collapse.

He also pointed to technical recommendations aimed at reducing the impact, such as limiting the number of these transactions in each block, which gives the network enough time to adapt to any future security updates.

At the end of his analysis, he asked an important question:

Would allocating these currencies to the market actually be a disaster, or a step toward expanding the Bitcoin ownership base rather than freezing it forever?

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