Kevin O'Leary: Quantum computing risk limits institutional BTC allocation

Billionaire entrepreneur and venture capitalist Kevin O'Leary stated that security concerns over quantum computing are limiting institutional investors from expanding their Bitcoin (BTC) holdings, according to BeInCrypto. He said that institutions will not increase their Bitcoin allocation beyond 3% until the risk from quantum computing is resolved, maintaining a cautious stance until there is more clarity. Similarly, Christopher Wood, Global Head of Equity Strategy at Jefferies, removed a 10% Bitcoin allocation from his model portfolio, citing quantum security concerns. Meanwhile, Bitcoin developers have merged BIP-360, a proposal designed to address these vulnerabilities, into the official BIP GitHub repository, meaning it is now under consideration for future updates. The proposal includes a new output type (P2MR) to reduce the exposure of the existing public key structure, thereby lowering the potential for quantum attacks.