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Quantum Computing Threatens Bitcoin: Urgent Call for Security Innovation

5/2/2025

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Summary

Story summary

Alex Thorn, Head of Research at Galaxy Digital, raises an alarm about the looming threat of quantum computing to Bitcoin and cryptocurrencies reliant on public key cryptography. He stresses the critical need for the crypto sector to innovate quantum-resistant algorithms, as breakthroughs in quantum technology could jeopardize blockchain security, sparking serious vulnerabilities and national security risks.

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Story summary

Alex Thorn, Head of Research at Galaxy Digital, raises an alarm about the looming threat of quantum computing to Bitcoin and cryptocurrencies reliant on public key cryptography. He stresses the critical need for the crypto sector to innovate quantum-resistant algorithms, as breakthroughs in quantum technology could jeopardize blockchain security, sparking serious vulnerabilities and national security risks.