Significant Portion of Bitcoin Supply at Risk from Quantum Computing Advances, Says Glassnode
Nearly 10% of Bitcoin supply is ‘structurally unsafe’ from quantum breakthrough: Glassnode

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According to Glassnode, approximately 4.12 million Bitcoin (20.6% of total supply) are considered 'operationally unsafe' due to key management issues, while 13.99 million Bitcoin (69.8%) remain secure from quantum threats. Major firms like Franklin Templeton and Binance are particularly vulnerable, highlighting the need for improved security measures.
- 01Glassnode reports that 69.8% of Bitcoin supply is safe from quantum computing threats.
- 024.12 million BTC are classified as 'operationally unsafe' due to key management problems.
- 03Corporate entities such as Franklin Templeton and Robinhood have 100% of their Bitcoin holdings exposed.
- 04Only 5% of Bitcoin held on Coinbase is exposed, compared to 85% on Binance.
- 05Exchanges are advised to enhance key management and transition to quantum-proof formats.
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A recent analysis by Glassnode reveals that nearly 10% of the total Bitcoin supply is at risk due to vulnerabilities associated with quantum computing advancements. Specifically, 4.12 million Bitcoin, amounting to 20.6% of the total supply, are deemed 'operationally unsafe' because of issues related to key or address management. In contrast, 13.99 million Bitcoin (approximately 69.8%) remain unaffected by potential quantum threats. The report aligns with Ark Invest's findings that indicate a significant portion of Bitcoin is safe. Notably, major corporate entities such as Franklin Templeton, WisdomTree, and Robinhood have all of their Bitcoin holdings exposed to these risks. Furthermore, when analyzing cryptocurrency exchanges, only 5% of Bitcoin on Coinbase is at risk, while 85% of holdings on Binance are vulnerable. To mitigate these risks, Glassnode recommends that exchanges and custodians enhance their key management practices and transition to quantum-resistant formats in anticipation of future quantum breakthroughs.
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