Grayscale: Quantum computing poses minimal short-term threat to crypto

While the issue of quantum computing is gaining attention in the cryptocurrency market, digital asset manager Grayscale has assessed that it is unlikely to have a tangible impact on asset prices by 2026, according to CoinDesk. In a recent report, Grayscale noted that quantum computers could theoretically break current cryptographic standards and derive private keys from public keys, thereby threatening blockchain security. However, the firm stated that it would take considerable time for this theory to become a practical reality. Grayscale concluded that in the long term, most blockchains, including Bitcoin, will need to transition to quantum-resistant cryptography. While a blockchain's ability to counter quantum threats may become a valuation metric in the future, the report suggests the short-term impact on market value will be insignificant.