Grayscale Warns Bitcoin's Quantum Risk Is Social, Not Technical

Grayscale's head of research said Bitcoin's biggest obstacle is a social problem, not technical.

“Grayscale, a leading digital asset management firm, said in a report published on Monday that quantum computing would not have a significant impact on cryptocurrency valuations in 2026”

Benzinga France

Bitcoin carries lower quantum risk owing to its UTXO model and proof-of-work consensus.

Benzinga France

The central debate revolves around 1.7 million BTC in early P2PK addresses where private keys are lost.

Pandl outlined three options: burn the coins, slow their release, or do nothing.

The challenge is reaching a decision due to a history of contentious debates.

Samson Mow cautioned against rushing the transition to post-quantum cryptography.

Post-quantum signatures could be 10 to 125 times larger than current ones.

Bitbo

Grayscale stated quantum computing poses a long-term challenge but is unlikely to influence prices in 2026.

Google estimated the threshold might require about 1,200 to 1,450 logical qubits.

Grayscale identified regulation, not quantum fears, as the main market driver for 2026.

“Grayscale says a new Google Quantum AI paper makes post-quantum cryptography an urgent issue for blockchains”

CoinCentral

The firm expects a bipartisan bill on the structure of the U.S. crypto market to be enacted.

Clearer regulations could accelerate institutional adoption and on-chain activity.