Cathie Wood stated that the earliest time quantum computers could become a threat to Bitcoin is around the 2040s.
She presented three scenarios:
- Fast scenario: encryption could be broken around 2044.
- Medium scenario: around 2054.
- Slow scenario: around 2063.
Based on current progress, this technology is still developing quite slowly and is closer to the slower scenario. However, the pace could increase very quickly, depending on how much resources companies like Google choose to invest in this field.
Currently, quantum computers are not a threat to Bitcoin. But in the period from 2040 to 2060, it could become a potential risk. Therefore, security technologies against quantum computers have begun to be researched and developed from now on.
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