According to the CEO of Tether, a stablecoin that issues USDT, quantum computing allows hackers to steal Bitcoin from lost wallets.
Tether’s CEO Paolo Ardoino predicted in a thread posted on social media platform X that, while crypto enthusiasts may be able move their money to quantum-resistant wallets if they are active, users who have lost or abandoned their cryptocurrency will not be able do this, resulting in those Bitcoins being eventually extracted using the new technology.
Prediction: Quantum computing will not break Bitcoin’s cryptography until it is a very long time away. Quantum resistant addresses will be added to Bitcoin eventually before any real threat.
The Bitcoins in all wallets will be moved to new addresses that are quantum resistant by anyone who is alive and has access. All Bitcoins in lost wallets will be recovered, even if Satoshi is not still alive.
Quantum computing occurs when computers apply the principles of quantum physics to complex problems, and are able to perform calculations that exceed those of classical computers.
Ardoino continues to say that, even if this were to occur, it wouldn’t have any impact on supply for the number one crypto asset by the market capital.
There are only 21 million Bitcoins. This is a fact that cannot be changed. Not even quantum computing. This is the most important thing to remember. Bitcoin is the most valuable asset on the planet .”
Bitcoin has a value of $96,108 as I write this, which is a slight decrease from the previous 24 hours.
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The post Tether CEO Paolo Ardoino says Quantum Computing will allow hackers to take bitcoin from lost wallets could be updated as new information is revealed.
