Bernstein: The Bitcoin Market Has Absorbed Quantum Risk; Not an Immediate Existential Threat

According to ME News, on April 13 (UTC+8), Bernstein stated that Bitcoin’s previous pullback has already partially priced in market concerns over quantum computing risks, viewing the threat as “real but manageable” and not an imminent systemic risk. Although research by companies including Google suggests that future quantum computers could rapidly break commonly used blockchain encryption algorithms under extreme conditions, progress in zero-knowledge proofs and post-quantum cryptography provides a partial hedge. Bernstein believes Bitcoin developers still have approximately three to five years to advance a post-quantum upgrade path, mentioning the current BIP-360 proposal, which could reduce certain quantum exposure risks via a soft fork. Additionally, institutional investors—including ETF issuers and corporate holders—are expected to play a positive role in driving consensus for upgrades. However, industry perspectives note that the primary challenges for post-quantum upgrades lie in user migration and consensus formation, rather than technical implementation itself. (Source: ChainCatcher)