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While quantum computing poses a threat to Bitcoin’s security, banks have multiple defenses in place to prevent a widespread collapse, River’s Leishman says.

The debate over whether quantum computers could threaten Bitcoin is heating up once again, with River CEO Alexander Leishman arguing that Bitcoin is at greater risk than traditional banking systems.

In an X post on Feb. 21, Leishman explained that in case with Bitcoin, the security of funds depends entirely on the private key. Once a public key is exposed, a quantum computer could access the funds with ease.

Crypto enthusiast passionate about technologies at the forefront of development. Happy to have same people around me

It seems to me that everyone is waiting for the quantum computer. Giants like bitcoin are already thinking about it.