Willy Woo Issues ‘Quantum Safe’ Guide for Bitcoin Holders Amid Rising Concerns

Prominent Bitcoin analyst Willy Woo has published a guide detailing how holders can protect their BTC from potential quantum computing attacks, which experts warn could eventually crack current cryptographic foundations. Woo explained that future quantum computers (BSQC) could derive a private key from a public key, making newer Taproot addresses (starting with "bc1p") unsafe because they embed the public key. As an interim measure, he recommends transferring Bitcoin to SegWit addresses starting with "bc1q" or legacy formats ("1" or "3"). He cautioned users not to spend from these addresses until quantum-resistant upgrades are implemented, estimating this transition could take about seven years. However, fellow analyst Charles Edwards criticized the advice, arguing SegWit offers no true quantum protection and that the network needs immediate consensus on upgrades. Woo maintained confidence in Bitcoin's long-term viability, stating it will adapt, but emphasized the need for proactive measures. He noted that Bitcoin held by custodians like ETFs or exchanges might remain safe if proper precautions are taken, while older addresses with past spending activity are more vulnerable.

(Source：BeInCrypto)