Approximately 34% of Bitcoin Supply, Worth ~$470B, Faces Potential Quantum Computing Threat, Says Bloomberg

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According to Bloomberg data cited by Galaxy Digital research, approximately 34% of Bitcoin in circulation, worth roughly $470 billion, faces potential quantum computing threats. Quantum computers, capable of solving complex mathematical problems far beyond traditional computers, could theoretically derive private keys from publicly available public keys, enabling theft of on-chain assets. Early address formats and wallets using repeated addresses carry the highest risk. Experts note that upgrading to quantum-resistant cryptographic systems is technically feasible but would require extensive time and resources, potentially sparking governance disputes similar to Ethereum's "Merge" debates.
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