Svmuu News Bernstein stated that the recent Bitcoin correction has, to some extent, reflected market concerns over quantum computing risks, viewing the threat as "real but manageable" and not yet an imminent systemic risk. Although research, including that from Google, suggests that future quantum computers might, under extreme conditions, rapidly crack commonly used encryption algorithms in blockchain, advancements in zero-knowledge proofs and quantum-resistant cryptography provide a degree of hedging.
Bernstein believes Bitcoin developers still have approximately 3 to 5 years to advance quantum-resistant upgrade pathways and mentioned the current BIP-360 proposal, which could reduce certain quantum exposure risks through a soft fork. Additionally, institutional investors (including ETF issuers and corporate holders) are expected to play a positive role in driving upgrade consensus. However, industry viewpoints note that the main challenges for quantum-resistant upgrades lie in user migration and consensus formation, rather than the technical implementation itself. (Cointelegraph)