Anxiety of quantum risk to Bitcoin is weighing on its price: Execs

Industry executives contend that the anxiety surrounding quantum computing risk to Bitcoin is negatively affecting its price and capital flow, contrasting with dismissive views from some developers. Cypherpunk Adam Back argued that quantum computing is still decades away from posing a threat, stating that even if some encryption were broken, Bitcoin's core security model would not result in stolen funds. However, venture capital partner Nic Carter called the denial by influential developers "extremely bearish," noting a massive discrepancy where capital is concerned while developers deny the risk. Craig Warmke of the Bitcoin Policy Institute agreed, stating that this perceived risk is slowing capital inflow and causing large holders to diversify. Both Carter and Warmke emphasized the need for contingency plans to reassure holders, regardless of the immediate threat level, while critics suggest traditional targets will be cracked before Bitcoin.

(Source：Cointelegraph)