According to Coinomedia, Charles Edwards of Capriole Investments has warned that quantum computers could break Bitcoin’s encryption as early as 2027, with a likely timeframe of 2–9 years. This potential event, dubbed 'Q-Day,' could allow attackers to match public and private keys, exposing wallets and enabling theft. Bitcoin’s reliance on public-key cryptography, while secure against classical computers, is vulnerable to quantum algorithms like Shor’s. Edwards emphasizes the need for a transition to quantum-resistant algorithms, though such a shift requires consensus and swift implementation across the decentralized network. Developers are already exploring post-quantum solutions, including lattice-based cryptography, as quantum computing advances rapidly.
Capriole Investments Warns Quantum Computers May Break Bitcoin Encryption by 2027–2029
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