{"id":95405,"date":"2026-03-19T15:06:35","date_gmt":"2026-03-19T12:06:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95405"},"modified":"2026-03-19T15:10:16","modified_gmt":"2026-03-19T12:10:16","slug":"galaxy-digital-downplays-bitcoins-quantum-computing-threat","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/galaxy-digital-downplays-bitcoins-quantum-computing-threat\/","title":{"rendered":"Galaxy Digital Downplays Bitcoin&#8217;s Quantum Computing Threat"},"content":{"rendered":"<p>Concerns about the potential for quantum computers to breach the first cryptocurrency&#8217;s network are greatly exaggerated, according to Alex Thorn, head of research at Galaxy Digital, in an interview with <a href=\"https:\/\/www.coindesk.com\/tech\/2026\/03\/19\/bitcoin-s-quantum-threat-is-real-but-far-from-an-existential-crisis-galaxy-says\">CoinDesk<\/a>.<\/p>\n<p>Nonetheless, the expert acknowledged the reality of the threat. Theoretically, a sufficiently powerful quantum computer could calculate a private key from a public one, enabling malicious actors to forge signatures and steal funds. Thorn emphasized that it is a mistake to consider this scenario inevitable or unique to Bitcoin.<\/p>\n<p>Analysts at Project Eleven have estimated that around 7 million BTC could be vulnerable. This pertains to coins whose public keys have already been exposed on the blockchain due to address reuse or storage in outdated wallet formats.<\/p>\n<p>The majority of existing assets remain secure, as there is no threat to them with the current level of technological development.<\/p>\n<p>Galaxy noted that the developer community is already preparing preventive measures:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>New address types:<\/strong> Work is underway to implement post-quantum cryptography, allowing users to transfer funds to secure addresses;<\/li>\n<li><strong>Restrictions on old coins:<\/strong> Mechanisms are being discussed to gradually limit the spending of &#8220;dormant&#8221; bitcoins with exposed keys. This will reduce systemic risks without asset confiscation.<\/li>\n<\/ul>\n<p>Thorn stressed that we are still far from the advent of computers capable of breaking modern encryption. Bitcoin&#8217;s open architecture will allow the network to adapt long before any potential crisis.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Quantum computing is a powerful technology, but that doesn&#8217;t mean every risk is immediate or unmanageable. Bitcoin developers are not ignoring the issue; they are actively working on it,&#8221; concluded Thorn.<\/em><\/p>\n<\/blockquote>\n<p>In February, analyst Willy Woo <a href=\"https:\/\/forklog.com\/en\/news\/willy-woo-warns-of-potential-4-million-btc-market-dump-due-to-quantum-computing-threat\">suggested the release of 4 million BTC<\/a> onto the market following a quantum computer breach of the first cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Concerns about quantum computers breaching Bitcoin&#8217;s network are greatly exaggerated, according to Alex Thorn of Galaxy Digital.<\/p>\n","protected":false},"author":1,"featured_media":95406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Concerns about quantum computers breaching Bitcoin's network are exaggerated, says Alex Thorn.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[770,1138,575,1360],"class_list":["post-95405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-galaxy-digital","tag-opinions","tag-quantum-computers","tag-quantum-computing"],"aioseo_notices":[],"amp_enabled":true,"views":"152","promo_type":"1","layout_type":"1","short_excerpt":"Concerns about quantum computers breaching Bitcoin's network are exaggerated, says Alex Thorn.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95405"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95405\/revisions"}],"predecessor-version":[{"id":95407,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95405\/revisions\/95407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95406"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}