BlackRock issues first official warning about quantum computing as a potential threat to Bitcoin security

The development of quantum computing, which uses the principles of quantum mechanics to solve complex problems faster than conventional computers, could pose a threat to Bitcoin, an analysis has said.
On the 9th, the world's largest asset management company BlackRock announced that quantum computing will be a part of Bitcoin in its updated iShares Bitcoin (IBIT) registration documents.
The report also officially mentioned the potential for conflict between digital assets and new technologies, including the possibility that they could pose a threat to the security of the country.
"As quantum computing technology advances, Bitcoin will
"This could weaken the effectiveness of the cryptographic algorithms that protect digital assets such as digital currencies," the company said in a statement. This comes after BlackRock highlighted quantum computing risks in its IBIT disclosure documents.
IBIT is currently the world's largest physical Bitcoin ETF with net assets of approximately $64 billion and has seen unprecedented investment inflows since its launch in January.
Quantum computing is a cutting-edge field that harnesses the principles of quantum mechanics to provide information processing capabilities beyond the limits of conventional computers.
Blockchain networks like Amu are based on public key cryptography, which means that if quantum computers become a reality, wallets will be hacked, transactions will be forged, and so on.
Concerns are growing that the move could lead to serious security problems for the company.
"The ETF regulatory filings must list all possible risks, and this is standard procedure," said analyst Seyffart.
"Even if the probability is low, investors must be informed in advance of all possible risks," he emphasized. Contrary to fears, the ETF market is showing signs of bullishness.
According to Farside Investors, the Bitcoin ETF has attracted more than $41 billion in cumulative inflows since its launch in January.
"Net ETF inflows are a crucial indicator of market confidence," said Eric Balchunas of Investor Intelligence. "Since the end of the world,
"It's impressive how quickly it has reached new highs," said Paolo Ardoino, CEO of Tether. Meanwhile, concerns about the threat of quantum technology are shared across the industry.
Paolo Ardoino said in February that quantum computers could hack inactive bitcoin wallets and put lost coins back into circulation.
He noted that "Satoshi Nakamoto's wallet could also be hacked," indicating that the emergence of quantum technology could have a structural impact on Bitcoin supply.
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