Can Bitcoin Be Hacked? Elon Musk Questions Grok About Quantum Threats
In a recent exchange on X, Elon Musk posed a pressing question to Grok—X’s AI chatbot—about the future of Bitcoin’s security. His concern centered on the rise of quantum computing and whether it could compromise the encryption that underpins Bitcoin.
The inquiry followed IBM's announcement of its ambitious plan to develop a powerful quantum computer, codenamed “Blue Jay,” by 2033. This system aims to achieve quantum supremacy, raising questions about the safety of current cryptographic systems.$SOL
Grok responded with reassurance. It stated that Bitcoin remains secure for now, estimating that the probability of quantum computers breaking Bitcoin’s SHA-256 encryption by 2030 is under 1%, and still less than 10% by 2035. The reason: today’s quantum computers are not nearly strong enough. With only around 1,000 noisy qubits available, the gap to the millions needed is still vast.
However, Grok noted that cryptographic evolution is expected. Algorithms like SHA-3 or SHA-512 could eventually replace SHA-256, future-proofing Bitcoin and similar digital assets against quantum advances.
Did You Know?
Tesla owns a significant 11,509 BTC (worth approximately $1.31 billion), while SpaceX holds an estimated $850 million in Bitcoin. Elon Musk himself is also a personal holder—demonstrating his faith in the cryptocurrency’s long-term potential.
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