As per HashNews, James Check, founder and lead analyst of Bitcoin chain analysis service Checkonchain, stated that the quantum threat to Bitcoin is more of a consensus issue than a technical one. He noted on X that the community is unlikely to agree on 'freezing' Bitcoin in non-quantum-resistant addresses, limiting the community's ability to respond. This could lead to a surge of lost Bitcoin entering the market if quantum attacks become viable. BitBo data shows 32.4% of Bitcoin has not moved in five years, with 16.8% over 10 years old. Ceteris Paribus of Delphi Digital added that quantum resistance for Bitcoin is technically feasible, but the issue lies in consensus. While the U.S. NIST has approved quantum-resistant cryptographic schemes, older Bitcoin addresses remain vulnerable. Experts believe it is difficult to create a backward-compatible solution for Bitcoin, unlike other blockchains such as Sui, Solana, and Near, which have proposed fixes.
Quantum Computing Threat to Bitcoin More Political Than Technical, Experts Say
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