Quantum computing is progressing every passing day resulting may cause millions of bitcoin be stolen if its able to crack the alogrithm of bitcoin.To get millions of dollar in bitcoin it needs to take on wallet private keys through which it can get possession of bitcoin assets. If it happens in future resulting massive drop in bitcoin price and price of bitcoin can see huge volataility which is already considered as a risky asset class.
At the time of writing, Bitcoin ($BTCUSD) is trading around $105,000 on 4th of June 2025. Last week bitcoin is town by 3.08% alone. This drop is seen after bitcoin hitting all time high the week before resulting speculative traders and investor selling their bitcoin at all time high. The first week of june 2025 the price of Bitcoin is trading iside the previous week range and making low of the week $103659.88.
A quantum computer who is able to recover wallet’s private keys is a door to billions of dollars in ancient bitcoin through which price of bitcoin can fluctuate significantly as per the tech experts in the state of Las Vegas US.
Bitcoin community is a considering it nowhere near event but experts now believe that its possible in the few years time and for that bitcoin community should be prepared and have some backup plan for such adverse events.Although Bitcoin and other digital assets already facing a criticism of risky asset classes and their price significantly rise and down in a matter of time so if any adverse events occurs so it will raises questions on bitcoin security and investor will quickly go to exchanges and look to sell of their holdings which can have adverse effects on the bitcoin price. It will also have global crypto market sell of due to such events causing market to see downfall.
