CoinShares: The risk of Bitcoin's quantum vulnerability is manageable; there is no need to panic at present.

PANews reported on February 8th that CoinShares published an article stating that the quantum vulnerability risk of Bitcoin is manageable, and the analysis suggests that the risk is far from becoming a real threat. The main impact is on approximately 1.7 million BTC in P2PK addresses, representing about 8% of the total supply, with a limited overall market impact. Modern Bitcoin addresses (P2PKH/P2SH) hide their public keys before spending, further reducing short-term quantum risk. Cracking the Bitcoin secp256k1 key is virtually impossible within a year, requiring hundreds of thousands of times the current number of logical qubits, and is expected to be at least 10 years away from being feasible. Even in an extremely optimistic scenario, short-term attacks and market shocks are limited. The analysis suggests that quantum vulnerability is a foreseeable long-term engineering problem, and institutional investors should assess the risk based on evidence and focus on long-term upgrade and migration solutions, but there is no need to panic at present.