{"id":907023,"date":"2026-05-19T12:13:25","date_gmt":"2026-05-19T17:13:25","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/19\/a-150b-crypto-time-bomb-google-says-quantum-computing-could-rewrite-bitcoin-security\/"},"modified":"2026-05-19T12:13:25","modified_gmt":"2026-05-19T17:13:25","slug":"a-150b-crypto-time-bomb-google-says-quantum-computing-could-rewrite-bitcoin-security","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/19\/a-150b-crypto-time-bomb-google-says-quantum-computing-could-rewrite-bitcoin-security\/","title":{"rendered":"A $150B Crypto Time Bomb? Google Says Quantum Computing Could Rewrite Bitcoin Security"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-v-0fbaeb03>\n<p data-v-0fbaeb03>Quantum computing is moving from theory to practice, and a<br \/>\nnew whitepaper warns that major cryptocurrencies need to react much faster than<br \/>\nthey have so far. The study shows that once a powerful enough quantum computer<br \/>\nexists, it could break the cryptography behind Bitcoin, Ethereum and other<br \/>\nchains in minutes, putting both long\u2011dormant and active assets at risk.<\/p>\n<p data-v-0fbaeb03><a href=\"https:\/\/events.financemagnates.com\/event\/fmsingapore26\/home\/?utm_source=FM%20News&amp;utm_medium=Content&amp;utm_campaign=FIXED%20LINK\" target=\"_blank\" rel=\"noopener noreferrer\" data-v-0fbaeb03><em data-v-0fbaeb03><strong data-v-0fbaeb03>Singapore Summit: Meet the largest APAC brokers you know (and those you still don&#8217;t!)<\/strong><\/em><\/a><\/p>\n<p data-v-0fbaeb03>Google Quantum AI released a whitepaper, warning that around<br \/>\n2.3 million dormant, vulnerable BTC could become a multi\u2011billion\u2011dollar<br \/>\nprize the moment a powerful quantum machine comes online.<\/p>\n<p data-v-0fbaeb03>Simply, this new research says that once powerful quantum<br \/>\ncomputers arrive, they will be able to \u201cguess\u201d some old Bitcoin keys fast<br \/>\nenough to move coins that nobody can currently access, turning a huge pool of<br \/>\nforgotten BTC into a prize for whoever gets the technology first.<\/p>\n<blockquote data-v-0fbaeb03>\n<p lang=\"en\" dir=\"ltr\" data-v-0fbaeb03>Google Quantum AI released a whitepaper warning that cracking 256-bit ECC, widely used in crypto wallets, requires fewer resources than expected. With under 500k physical qubits, it could be cracked in minutes. Google urged the industry to accelerate its migration to Post-Quantum\u2026 <a href=\"https:\/\/t.co\/DpdSPmYhYc\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-v-0fbaeb03>pic.twitter.com\/DpdSPmYhYc<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2038857655788384512?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-v-0fbaeb03>March 31, 2026<\/a><\/p><\/blockquote>\n<h2 data-v-0fbaeb03>Dormant Bitcoin as a Quantum Time Bomb<\/h2>\n<p data-v-0fbaeb03>Technically, the paper estimates that a future \u201cfast\u2011clock\u201d quantum computer with fewer than 500,000 physical qubits<br \/>\ncould use Shor\u2019s algorithm to break Bitcoin\u2019s 256\u2011bit elliptic curve in about nine minutes from a primed<br \/>\nstate. <\/p>\n<p data-v-0fbaeb03>That speed is comparable to Bitcoin\u2019s<br \/>\naverage 10\u2011minute block time, meaning an attacker could<br \/>\npotentially intercept some pending transactions and redirect funds before they<br \/>\nconfirm.<\/p>\n<p data-v-0fbaeb03><strong data-v-0fbaeb03>Read more: <a href=\"https:\/\/www.financemagnates.com\/fintech\/quantum-computing-and-payment-security\/\" target=\"_blank\" data-v-0fbaeb03>Quantum Computing and Payment Security<\/a><\/strong><\/p>\n<p data-v-0fbaeb03>Google\u2019s team showed, on paper, that you no longer need a<br \/>\nsci\u2011fi\u2011level<br \/>\nquantum supercomputer to break the math that protects Bitcoin and Ethereum. You<br \/>\n\u201cjust\u201d<br \/>\nneed a realistically sized, next\u2011generation machine, and once that<br \/>\nexists an attacker could watch the network, grab your public key while your<br \/>\ntransaction sits waiting to be confirmed, and mathematically recover your<br \/>\nprivate key fast enough to steal the coins before they hit a block.<\/p>\n<blockquote data-v-0fbaeb03>\n<p lang=\"en\" dir=\"ltr\" data-v-0fbaeb03>Vitalik Buterin warned at the Devconnect conference that elliptic curve cryptography could be broken by quantum computing before the 2028 U.S. presidential election, urging Ethereum to upgrade to quantum-resistant cryptography within four years. He also stated that future\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1990975089094099424?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-v-0fbaeb03>November 19, 2025<\/a><\/p><\/blockquote>\n<h2 data-v-0fbaeb03>Industry Outlook: From FUD to Forced Migration<\/h2>\n<p data-v-0fbaeb03>The whitepaper argues that full migration to post\u2011quantum<br \/>\ncryptography is technically clear but politically and operationally difficult.<br \/>\nPost\u2011quantum<br \/>\nsignatures are larger and heavier, so upgrades would raise bandwidth and<br \/>\nstorage needs and almost certainly reopen old governance fights, especially in<br \/>\nBitcoin.<\/p>\n<p data-v-0fbaeb03>\u201cPull your cryptographic inventory. Flag every ECC-256<br \/>\nimplementation on high-value assets. Identify every system where the algorithm<br \/>\nis hardcoded rather than configurable. Those are your agility gaps and your<br \/>\nlongest-lead-time risk,\u201d commented Cory Missimore, AI Governance expert.<\/p>\n<figure data-media-id=\"d9bcbbb0-2a69-4f08-9f4b-096c03b71a88\" data-v-0fbaeb03><figcaption data-v-0fbaeb03>\n<p>Cory Missimore, Source: LinkedIn<\/p>\n<\/figcaption><\/figure>\n<p data-v-0fbaeb03>At the same time, leaving dormant assets untouched invites a<br \/>\nrace between criminals, states and possibly regulated \u201cdigital salvage\u201d<br \/>\noperators seeking legal rights to recover and liquidate compromised coins. <\/p>\n<p data-v-0fbaeb03>Interestingly, Ethereum co-founder, Vitalik Buterin, shares similar views. He recently told developers that the kind of<br \/>\ncryptography <a href=\"https:\/\/www.financemagnates.com\/trending\/ethereum-falls-to-2000-but-new-price-prediction-targets-7500-by-end-2026\/\" target=\"_blank\" data-v-0fbaeb03>Ethereum<\/a> uses today might be breakable by quantum computers sooner<br \/>\nthan many expect, possibly even before the 2028 U.S. election, so the network<br \/>\nshould move to quantum\u2011resistant cryptography within about four years. <\/p>\n<p data-v-0fbaeb03>At the same time, he argued that most new experimentation<br \/>\nshould happen on Layer 2s, in wallets and in privacy tech, while keeping the<br \/>\nbase layer as simple and stable as possible.<\/p>\n<\/div>\n<div data-v-0fbaeb03>\n<p data-v-0fbaeb03>Quantum computing is moving from theory to practice, and a<br \/>\nnew whitepaper warns that major cryptocurrencies need to react much faster than<br \/>\nthey have so far. The study shows that once a powerful enough quantum computer<br \/>\nexists, it could break the cryptography behind Bitcoin, Ethereum and other<br \/>\nchains in minutes, putting both long\u2011dormant and active assets at risk.<\/p>\n<p data-v-0fbaeb03><a href=\"https:\/\/events.financemagnates.com\/event\/fmsingapore26\/home\/?utm_source=FM%20News&amp;utm_medium=Content&amp;utm_campaign=FIXED%20LINK\" target=\"_blank\" rel=\"noopener noreferrer\" data-v-0fbaeb03><em data-v-0fbaeb03><strong data-v-0fbaeb03>Singapore Summit: Meet the largest APAC brokers you know (and those you still don&#8217;t!)<\/strong><\/em><\/a><\/p>\n<p data-v-0fbaeb03>Google Quantum AI released a whitepaper, warning that around<br \/>\n2.3 million dormant, vulnerable BTC could become a multi\u2011billion\u2011dollar<br \/>\nprize the moment a powerful quantum machine comes online.<\/p>\n<p data-v-0fbaeb03>Simply, this new research says that once powerful quantum<br \/>\ncomputers arrive, they will be able to \u201cguess\u201d some old Bitcoin keys fast<br \/>\nenough to move coins that nobody can currently access, turning a huge pool of<br \/>\nforgotten BTC into a prize for whoever gets the technology first.<\/p>\n<blockquote data-v-0fbaeb03>\n<p lang=\"en\" dir=\"ltr\" data-v-0fbaeb03>Google Quantum AI released a whitepaper warning that cracking 256-bit ECC, widely used in crypto wallets, requires fewer resources than expected. With under 500k physical qubits, it could be cracked in minutes. Google urged the industry to accelerate its migration to Post-Quantum\u2026 <a href=\"https:\/\/t.co\/DpdSPmYhYc\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-v-0fbaeb03>pic.twitter.com\/DpdSPmYhYc<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2038857655788384512?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-v-0fbaeb03>March 31, 2026<\/a><\/p><\/blockquote>\n<h2 data-v-0fbaeb03>Dormant Bitcoin as a Quantum Time Bomb<\/h2>\n<p data-v-0fbaeb03>Technically, the paper estimates that a future \u201cfast\u2011clock\u201d quantum computer with fewer than 500,000 physical qubits<br \/>\ncould use Shor\u2019s algorithm to break Bitcoin\u2019s 256\u2011bit elliptic curve in about nine minutes from a primed<br \/>\nstate. <\/p>\n<p data-v-0fbaeb03>That speed is comparable to Bitcoin\u2019s<br \/>\naverage 10\u2011minute block time, meaning an attacker could<br \/>\npotentially intercept some pending transactions and redirect funds before they<br \/>\nconfirm.<\/p>\n<p data-v-0fbaeb03><strong data-v-0fbaeb03>Read more: <a href=\"https:\/\/www.financemagnates.com\/fintech\/quantum-computing-and-payment-security\/\" target=\"_blank\" data-v-0fbaeb03>Quantum Computing and Payment Security<\/a><\/strong><\/p>\n<p data-v-0fbaeb03>Google\u2019s team showed, on paper, that you no longer need a<br \/>\nsci\u2011fi\u2011level<br \/>\nquantum supercomputer to break the math that protects Bitcoin and Ethereum. You<br \/>\n\u201cjust\u201d<br \/>\nneed a realistically sized, next\u2011generation machine, and once that<br \/>\nexists an attacker could watch the network, grab your public key while your<br \/>\ntransaction sits waiting to be confirmed, and mathematically recover your<br \/>\nprivate key fast enough to steal the coins before they hit a block.<\/p>\n<blockquote data-v-0fbaeb03>\n<p lang=\"en\" dir=\"ltr\" data-v-0fbaeb03>Vitalik Buterin warned at the Devconnect conference that elliptic curve cryptography could be broken by quantum computing before the 2028 U.S. presidential election, urging Ethereum to upgrade to quantum-resistant cryptography within four years. He also stated that future\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1990975089094099424?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-v-0fbaeb03>November 19, 2025<\/a><\/p><\/blockquote>\n<h2 data-v-0fbaeb03>Industry Outlook: From FUD to Forced Migration<\/h2>\n<p data-v-0fbaeb03>The whitepaper argues that full migration to post\u2011quantum<br \/>\ncryptography is technically clear but politically and operationally difficult.<br \/>\nPost\u2011quantum<br \/>\nsignatures are larger and heavier, so upgrades would raise bandwidth and<br \/>\nstorage needs and almost certainly reopen old governance fights, especially in<br \/>\nBitcoin.<\/p>\n<p data-v-0fbaeb03>\u201cPull your cryptographic inventory. Flag every ECC-256<br \/>\nimplementation on high-value assets. Identify every system where the algorithm<br \/>\nis hardcoded rather than configurable. Those are your agility gaps and your<br \/>\nlongest-lead-time risk,\u201d commented Cory Missimore, AI Governance expert.<\/p>\n<figure data-media-id=\"d9bcbbb0-2a69-4f08-9f4b-096c03b71a88\" data-v-0fbaeb03><figcaption data-v-0fbaeb03>\n<p>Cory Missimore, Source: LinkedIn<\/p>\n<\/figcaption><\/figure>\n<p data-v-0fbaeb03>At the same time, leaving dormant assets untouched invites a<br \/>\nrace between criminals, states and possibly regulated \u201cdigital salvage\u201d<br \/>\noperators seeking legal rights to recover and liquidate compromised coins. <\/p>\n<p data-v-0fbaeb03>Interestingly, Ethereum co-founder, Vitalik Buterin, shares similar views. He recently told developers that the kind of<br \/>\ncryptography <a href=\"https:\/\/www.financemagnates.com\/trending\/ethereum-falls-to-2000-but-new-price-prediction-targets-7500-by-end-2026\/\" target=\"_blank\" data-v-0fbaeb03>Ethereum<\/a> uses today might be breakable by quantum computers sooner<br \/>\nthan many expect, possibly even before the 2028 U.S. election, so the network<br \/>\nshould move to quantum\u2011resistant cryptography within about four years. <\/p>\n<p data-v-0fbaeb03>At the same time, he argued that most new experimentation<br \/>\nshould happen on Layer 2s, in wallets and in privacy tech, while keeping the<br \/>\nbase layer as simple and stable as possible.<\/p>\n<\/div>\n<p> Jared Kirui <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/a-150b-crypto-time-bomb-how-quantum-computing-could-rewrite-bitcoin-security\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quantum computing is moving from theory to practice, and a new whitepaper warns that major cryptocurrencies need to react much faster than they have so far. The study shows that once a powerful enough quantum computer exists, it could break the cryptography behind Bitcoin, Ethereum and other chains in minutes, putting both long\u2011dormant and active<\/p>\n","protected":false},"author":1,"featured_media":907024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22791,496],"tags":[11476],"class_list":{"0":"post-907023","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"category-google","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/907023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=907023"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/907023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/907024"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=907023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=907023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=907023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}