BlackRock Raises Concerns About Quantum Computing’s Impact on Bitcoin ETFs

In its latest filing for its iShares Bitcoin ETF (IBIT), BlackRock has highlighted the potential risks associated with quantum computing, a technology that leverages the principles of quantum mechanics to perform complex calculations exponentially faster than traditional computers. This technology could disrupt current cryptographic systems utilized in Bitcoin transactions, potentially undermining their security and exposing digital assets like Bitcoin to fraud or theft. ]