Satoshi's 1.1 million BTC sparks debate in the community over the possibility of quantum hacking.

The cryptocurrency community is divided over the possibility that the approximately 1.1 million BTC believed to be held by Satoshi Nakamoto could be hacked by a quantum computer, Cointelegraph reports. The debate was sparked by YouTuber Josh Otten's claim that a leak of Satoshi Nakamoto's holdings could send the Bitcoin price plummeting to $3. On-chain analyst Willy Woo noted that approximately 4 million BTC currently held by addresses utilizing public key payments (P2PK) could potentially be targeted by future quantum attacks. However, he explained that even if this scenario were to materialize, the Bitcoin network itself would remain intact, and long-term holders (OGs) would likely buy during a price drop. James Check, lead on-chain analyst at Glassnode, said, “The psychological impact on cryptocurrency investors is greater than the technical vulnerability. If Satoshi Nakamoto’s holdings were to actually be moved, market sentiment could deteriorate sharply and prices could plummet. It is virtually impossible for the community to agree on preemptive measures regarding Satoshi’s holdings.” Adam Back, CEO of blockchain technology developer Blockstream and a BTC maximalist, stated, “The real threat of quantum computing is still decades away. Post-quantum cryptography already exists, and there is ample time to respond.”