Analyst: Crypto market can absorb $145B quantum computing risk

The risk of a market collapse due to quantum computing threats against Bitcoin is limited, according to an analysis by Bitcoin analyst James Check. CoinDesk reports that Check noted while about 1.7 million BTC, valued at $145 billion, in early wallets could be vulnerable to quantum attacks, this volume is comparable to sell-offs the market has absorbed within months during past cycles. He pointed out that the market has previously handled daily sell-offs of 10,000 to 30,000 BTC during bull runs and has seen quarterly trading volumes exceed 2.3 million BTC. Check concluded that the core issue is not a potential market collapse but rather a governance challenge, such as deciding whether to freeze the vulnerable assets.