Anxiety of quantum risk to Bitcoin is weighing on its price: Execs
Quantum computing risks are creating anxiety among Bitcoin investors and affecting its price, according to industry executives. While Blockstream co-founder Adam Down argues the threat is decades away and that the network’s core security doesn’t solely rely on encryption, others like Nic Carter of Castle Island Ventures warn that developer denial is “extremely bearish.” Craig Warmke of the Bitcoin Policy Institute adds that perceived quantum risk is slowing capital inflow and driving diversification. Both emphasize the need for contingency plans to reassure holders, even if the actual threat remains distant. Critics also note that traditional targets would likely be compromised long before Bitcoin.
cointelegraph12/19 01:56
