Musk Backs Theory Quantum Computers Can't Break Bitcoin
Elon Musk endorsed a physics theory suggesting quantum computers are limited to around 400 qubits, which is below the estimated 835 logical qubits needed to break Bitcoin signatures. This support has been interpreted by traders as evidence of Bitcoin's security against quantum threats, although the theory remains untested and IBM targets only 200 logical qubits by 2029.
Disclaimer
This content is provided for general informational purposes only and may include information relating to products or services that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell or hold any crypto/digital asset; or (iii) financial, accounting, legal or tax advice. Crypto/digital assets, including stablecoins, involve a high degree of risk and may fluctuate significantly in value. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition and risk tolerance, and seek independent professional advice where appropriate. Information contained in this content, including market data and statistical information, if any, is provided for general information purposes only. While reasonable care may be taken in presenting such information, BloFin does not guarantee its accuracy, completeness or timeliness and accepts no responsibility or liability for any errors, omissions or inaccuracies.