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Quantum Threat: Bitcoin's Encryption at Risk by 2026

10/16/2025

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Summary

Story summary

Charles Edwards, founder of Capriole Investments, warned at TOKEN2049 that quantum computers could compromise Bitcoin's encryption within 2-8 years.
He cites expert estimates of a 50% breach risk within 4-9 years.
Current quantum research indicates 700 to 2,300 qubits can break Bitcoin's elliptic curve signatures.
Edwards urges an immediate switch to quantum-resistant algorithms to prevent theft and distrust.
If changes are not made by 2026, the crypto market could suffer severe consequences.

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Story summary

Charles Edwards, founder of Capriole Investments, warned at TOKEN2049 that quantum computers could compromise Bitcoin's encryption within 2-8 years.
He cites expert estimates of a 50% breach risk within 4-9 years.
Current quantum research indicates 700 to 2,300 qubits can break Bitcoin's elliptic curve signatures.
Edwards urges an immediate switch to quantum-resistant algorithms to prevent theft and distrust.
If changes are not made by 2026, the crypto market could suffer severe consequences.