Quantum Computing Threat Looms Over Bitcoin: Experts Warn

Quantum computing is no longer a futuristic concept; it’s rapidly becoming a tangible threat to global finance, with experts warning that it could disrupt Bitcoin’s encryption and undermine its security. The Human Rights Foundation (HRF) highlights this growing concern in their report, stating that Bitcoin goes beyond mere investment for activists and journalists living under authoritarian regimes. It acts as a tool for preserving financial resources and facilitating donations, all relying on cryptography to protect funds. Quantum computing technology threatens this foundation. Up to $690 million of Bitcoin could be vulnerable to theft by exploiting the technology’s potential to decipher private keys from public ones.