Quantum Computing Threat: Bitcoin and Crypto Face New Security Challenge

While still early in its development, quantum computing poses a potential threat to Bitcoin and other proof-of-work cryptocurrencies. This concern was highlighted by Amit Mehra, partner at venture capital firm Borderless Capital, who emphasized the company’s focus on understanding how companies are developing quantum-resistant technologies. Although Mehra expects it to take until the end of this decade for quantum computing to reach maturity, he believes its rapid progress may present a risk in the near future.