Bitcoin's Quantum threat is ‘real but distant,’ says Wall Street analyst as doomsday debate rages on

Wall Street broker Benchmark, through analyst Mark Palmer, argues that while quantum computing poses a theoretical threat to Bitcoin's Elliptic Curve Digital Signature Algorithm (ECDSA), the risk is distant, likely 10–20 years away or more. Palmer notes that current quantum systems are too small and error-prone to break the cryptography, and only a small fraction of Bitcoin (1–2 million BTC) is currently held in addresses with exposed public keys. The debate over this threat is ongoing, with some investors reducing exposure while developers push back on immediate concerns. Despite the theoretical risk, Benchmark sees no systemic threat to the protocol's integrity, viewing quantum computing as a long-term technical consideration rather than an immediate investment concern.

(Source：CoinDesk)