Paolo Ardoino, CEO of Tether Limited, recently addressed the potential impact of quantum computing on Bitcoin, stating that while it currently does not pose a significant threat, it could become a challenge in the future. According to Ardoino, Bitcoin will eventually migrate to quantum-resistant wallets before this technology can jeopardize funds. However, he warns that non-resistant addresses, such as the lost wallets of Satoshi Nakamoto containing approximately 1.1 million BTC, could be hacked and their bitcoins put into circulation if Satoshi is not alive to update his wallets. This topic has gained relevance following the launch of Google's Willow quantum chip, which has demonstrated advanced capabilities in solving complex mathematical problems. The Bitcoin community is working on solutions such as the BIP-360 proposal to mitigate quantum risks, implementing payment methods resistant to quantum attacks. Ardoino also emphasizes the importance of Bitcoin's finite nature, reminding that there will only ever be 21 million BTC, regardless of technological advancements. In summary, although quantum computing presents challenges, the resilience and adaptability of Bitcoin remain fundamental to its security and longevity.
