Quantum computing advances have spurred concerns that Bitcoin’s cryptographic defenses could be compromised in the coming years. Bloomberg cites a Sitri Ni report suggesting Bitcoin could be vulnerable to cryptographic attacks within three years. The prospect has sent shockwaves through markets, with Bitcoin, Ethereum, Ripple, Solana, and Cardano all showing pronounced corrections as investors reassess crypto risk. Analysts warn that full decryption by quantum computers could be feasible within three years, raising fears about Bitcoin’s survival.
On Wall Street, Jefferies’ Christopher Wood said he liquidated his Bitcoin holdings due to quantum fears, while investor Chamath Palihapitiya has argued that decryption could occur within five years. Some Bitcoin bulls contend that the technology could ultimately strengthen Bitcoin’s scarcity and resilience. US spot Bitcoin ETFs have logged about $316 million in net outflows over five weeks, while Ethereum funds saw roughly $123 million in outflows as investors rebalance. Bitcoin traded around the mid-$60,000s, with CNBC reporting a slide below $64,000.
Bitcoin’s price has fallen around 19% this month, according to Bloomberg, marking one of the largest monthly declines since 2022. The market remains vigilant as the debate over quantum threat to Bitcoin’s security intensifies. Trump Media and Technology Group, where former President Trump is a major shareholder, has filed to launch crypto ETFs, signaling continued institutional interest in the space. Investors remain focused on liquidity and macro conditions, as Bitcoin’s sensitivity to global funds flows persists.
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