Bitcoin Quantum Threat: Wall Street Analyst Calls Risk 'Real but Distant' for BTC

The debate around a potential "quantum doomsday" for Bitcoin (BTC) continues, with a Wall Street analyst offering a measured perspective. While acknowledging the theoretical threat quantum computing poses to Bitcoin's cryptographic security, the expert characterizes the risk as "real but distant." This assessment suggests that current quantum computers are not yet powerful enough to break Bitcoin's encryption, specifically the Elliptic Curve Digital Signature Algorithm (ECDSA). The crypto community remains divided, with some viewing quantum computing as an existential threat and others considering it a long-term challenge that developers will address in due time. The discussion underscores the ongoing evolution of both blockchain security and quantum technology.