Tether’s CEO, Paolo Ardoino, recently predicted that future quantum computers could allow hackers to steal Bitcoin from lost or abandoned wallets.
The Quantum Threat to Lost Bitcoin
Ardoino shared his thoughts on X (formerly Twitter), suggesting that while active users will likely migrate their Bitcoin to quantum-resistant wallets, the millions of Bitcoins in lost or inaccessible wallets will be vulnerable. He believes that quantum computing’s power will eventually allow hackers to access these lost funds. This wouldn’t change the total number of Bitcoins, however, as the total supply remains capped at 21 million.
No Impact on Bitcoin’s Total Supply
Ardoino emphasized that even if this happened, the total supply of Bitcoin would remain unchanged. He reiterated his belief that Bitcoin is a superior asset.
Bitcoin’s Current Price
At the time of writing, Bitcoin was trading around $96,108.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Investing in cryptocurrency is risky, and any decisions you make are your own responsibility.
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