Quantum Threat to Bitcoin 'Manageable', Bernstein Suggests a 3-5 Year Transition Period

Shortened to 3-5 Years

On the 8th, U.S. investment bank Bernstein, through a report by analyst Gotham Chugani and his team, analyzed that the cryptocurrency industry, including Bitcoin, is facing threats from quantum computing. However, they clarified that this is not an 'existential threat' but a manageable, medium to long-term phased upgrade cycle.

A research paper released last week by Google indicates the quantum computing power required to break Bitcoin's ECDSA signatures...