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Bernstein: Quantum computing is a Bitcoin upgrade, not threat
The Block·
Bernstein analysts view quantum computing as a manageable upgrade cycle for Bitcoin, rather than an existential threat. They anticipate that major commercial players like Strategy, BlackRock, and Fidelity will adopt constructive roles in enhancing Bitcoin's security. This perspective suggests that the advent of quantum computing will likely lead to advancements in cryptographic methods for Bitcoin, ensuring its continued viability and security in the face of new technological challenges. The focus is on adaptation and improvement, not obsolescence, positioning quantum computing as a catalyst for innovation within the cryptocurrency space.
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Tags
crypto
regulation
fintech
Original Source
The Block — theblock.co