Analyst Warns: Bitcoin and Ethereum May Not Survive the Quantum Era

2d ago•

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According to the source, quantum computing is advancing rapidly, but the crypto industry is still not ready for the growing quantum threat, as warned by the Presto Research analyst Rick Maeda.

He said that the fast development of Quantum computing might seriously damage the current system that protects blockchains. Maeda’s warning shows growing fear in the cybersecurity sector.

The digital assets could be at risk if the correct steps aren’t taken soon to make security strong. Maeda’s warning is supported by many experts who say we must act fast to protect crypto from future quantum risks.

Quantum Risk Being Ignored by the Crypto Industry

Even though many people are now becoming aware, the digital assets industry still does not understand how serious quantum computing could be in the long term. Rick Maeda explained that most blockchains depend on elliptic curve cryptography (ECC), which is a system that quantum computing could eventually break.

Quantum Computing

Maeda told CoinDesk that not acting soon is the major threat. He stressed that the crypto industry needs to prepare for the quantum threat step by step. If quantum computing becomes more powerful, it will be impossible to protect the existing blockchain data.

Misplaced Confidence in Quantum Timelines

Some people think there’s still time to act because current quantum computing systems only have about 10 logical qubits and make a lot of errors. But experts like Maeda warn that this false sense of safety could be risky.

He pointed to developments by companies like Google as an example that quantum computing is evolving quickly. Even though these advances still have issues with efficiency and stability, they show that current security methods could be challenged sooner than many people think.

Cybersecurity analysts agree with this. A DigiCert Survey found that although 69% of organizations think quantum computing could break encryption in the next five years, only 5% have taken steps to use quantum-safe protection. This shows that the industry is slow to turn awareness into real action.

Bitcoin Finds Support Amid Quantum Warnings

The markets are still staying active, even though analysts warn about the growing Quantum threat. Bitcoin has recently bounced back by 0.9% and is trading around $105,118.74. This rise came after a drop, which is linked to spot ETF withdrawals and increasing geopolitical concerns.

Macro strategist Weston Nakamura pointed out that Bitcoin is starting to move in line with Japan’s 30-year government bond yields, which is an unusual but important trend. He explained that Japan’s financial policies are now quietly influencing how money flows in digital assets.

Lobbyists Push Senate to Stay Focused on Stablecoin Regulation

As the debate continues in Washington about the GENIUS Act, a bill focused on regulating stablecoin, crypto lobbyists are urging lawmakers to keep the bill focused and avoid adding unrelated changes that might slow it down. Advocacy groups believe that clear rules for stablecoins are important.

Quantum Threat

They highlight it as a significant for maintaining the competitiveness of the U.S. Still, even as laws are being developed faster, there’s very little discussion in the legislative halls about the quantum threat of getting ready for quantum computing. This lack of focus might cause problems if blockchain security standards don’t keep up with the new technology.

Conclusion

Experts warn that the crypto industry is not ready for the growing quantum threat. Quantum computing is getting stronger and faster, but most of the Blockchains still use security that might soon be broken. Even with many warnings, only a few companies have started to prepare. The digital assets might be in real danger if they don’t act soon.