The quantum computing risks surrounding Bitcoin are once again drawing attention on Wall Street. Some global financial institutions and market strategists are reassessing these risks from a long-term investment perspective and adjusting their portfolios.
Christopher Wood, head of global equity strategy at Jefferies, recently announced that he has removed Bitcoin from his long-term pension portfolio. He cited technical uncertainty surrounding Bitcoin as a store of value in public comments, replacing his existing Bitcoin holdings with investments in gold and gold mining stocks.
Quantum computing is a technology that theoretically could threaten public-key cryptography systems, and there's ongoing debate that the elliptic curve cryptography (ECDSA) used by Bitcoin could also be affected in the long term. However, current quantum computers are not capable of posing a practical threat to the Bitcoin network, and this is classified as a mid- to long-term technological risk.
Within the cryptocurrency industry and developer community, there are stark differences in perspective regarding the risks of quantum computing. While some researchers and investors emphasize the need for proactive preparation, others argue that these concerns are excessive given the technological maturity and realistic timelines.
Experts point out that there is still no clear consensus on the potential for quantum computing to have a practical impact on blockchain security. However, institutional investors are increasingly considering the issue as a long-term risk factor.
