Bernstein: It seems that it will take decades for quantum threats to have an impact on Bitcoin

Odaily reports that Google has announced the launch of its first quantum chip, Willow, which has once again raised concerns about the possibility of private keys being decrypted to steal user funds. However, Bernstein's analysts say that although Google has announced the launch of the Willow chip, the quantum threat appears to still be decades away from impacting Bitcoin. The analysts stated: "Should Bitcoin contributors start preparing for the quantum future? Yes, but any actual threat to Bitcoin seems to be decades away, and Bitcoin contributors have been debating the transition to quantum-resistant encryption." (TheBlock)