The $145 billion math: Why bitcoin’s quantum threat is manageable, not existential
CoinDesk
Bitcoin analyst James Check argues that while quantum computing could expose early wallets, the resulting potential sell pressure is manageable for the market.Summary
Quantum computing poses a theoretical threat to Satoshi-era bitcoin wallets, potentially exposing $145 billion in assets. However, analyst James Check contends that this threat is not existential. Historical market data shows that bitcoin liquidity is robust enough to absorb this volume of supply over a few months, as demonstrated by previous bull and bear market activity. While a sudden release could trigger volatility, rational market actors would likely distribute these coins gradually to maximize returns, and the network could potentially address this through governance solutions like BIP-361.
(Source：CoinDesk)