Quantum Computing Won’t Break Bitcoin Security, Says Google Veteran
Ex-Google CEO Graham Cooke has reassured crypto traders that recent quantum computing advances, including Microsoft’s Majorana 1 chip and Google’s Willow processor, pose no immediate threat to Bitcoin security. While tech giants aim to scale qubit counts rapidly, practical attacks on Bitcoin require stable, error-corrected logical qubits in the hundreds of thousands to millions. Cooke highlights Bitcoin’s robust cryptography and 24-word seed phrase keyspace (approx. 10^77 combinations), which remains unbreakable within any foreseeable quantum computing breakthrough. This clarification on Bitcoin security against quantum computing threats maintains market stability and reassures traders that current quantum progress is unlikely to undermine crypto markets in the near term.
Neutral
By confirming that current quantum computing advancements pose no realistic threat to Bitcoin’s cryptography, the news removes a potential source of trader anxiety, thereby stabilizing market sentiment. In the short term, this reassurance is unlikely to trigger significant buying or selling, as quantum threat was a niche concern. Over the long term, affirming Bitcoin’s quantum resistance may bolster confidence in its security, supporting steady investor interest but not necessarily driving major price shifts.