Concerns about quantum risks are putting pressure on Bitcoin prices: Executives

The risks posed by quantum computers are becoming a controversial topic within the Bitcoin community, putting considerable pressure on market sentiment and investment flows. Adam Back, co-founder of Blockstream, argues that Bitcoin needs to be ready for the quantum age, but the real risks won't emerge for the next few decades because the technology is still in its infancy and faces many technical hurdles.

According to Back, for at least the next 10 years, Bitcoin faces virtually no significant risk. Even if some encryption algorithms are broken, the core security structure of the network does not entirely rely on public-key encryption, making a large-scale theft scenario unlikely.

However, Nic Carter from Castle Island Ventures argues that many developers' denial of quantum risks is creating a disconnect with investors. He believes the lack of a clear contingency plan is slowing capital flows and putting pressure on Bitcoin's price in the short term.

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