Will Quantum Crack Crypto? Why Bitcoin Owners Worry

The content discusses the growing concern regarding quantum computing's potential impact on cryptocurrencies, particularly Bitcoin. It highlights how quantum computers, which leverage the behavior of subatomic particles, might be capable of breaking the complex algorithms that ensure the security of digital currencies. This threat has caused alarm among Bitcoin enthusiasts, who have so far relied on the resilience of Bitcoin through various crises since its creation in 2009.

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By David Pan

July 7, 2026 at 2:29 PM UTC

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The unshakable faith of Bitcoin enthusiasts has allowed the decentralized digital currency to survive a succession of crises since its inception in 2009. Now, a new threat has appeared that’s causing growing alarm in the cryptosphere.

Quantum science that harnesses the behavior of subatomic particles is being used to create computers that could, in theory, crack the complex algorithms that prevent Bitcoin and other cryptocurrencies being forged or stolen.

Read Original at Bloomberg.com →