Quantum Computing Will Bring 6 Million Bitcoins to Market

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Paolo Ardoino, CEO of USDT stablecoin issuer Tether, is confident that $581.3 billion worth of bitcoins at the current rate will flood the market thanks to quantum computing.

Quantum computing still does not pose a real threat to the Bitcoin network's encryption method. Before the danger materializes, quantum-resistant addresses will appear.
All living people (who have access to their crypto wallets) will transfer BTC to new quantum-resistant addresses. All wallets that are no longer accessible, including those belonging to Satoshi (if he died), will be hacked, and the coins will be returned to circulation, Ardoino wrote.

Paolo Ardoino
The total number of lost bitcoins is about 6 million, if you take into account the cryptocurrency stored in wallets whose owners have died or cannot access them. Like, for example, British James Howells, whose girlfriend threw away a hard drive with 7,500 BTC worth $726.6 million. Currently, the circulating supply of bitcoins is 19.8 million coins, respectively, 30% of digital assets worth $581.3 billion are effectively withdrawn from circulation.

A cryptocurrency trader under the pseudonym Crypto Skull believes that the appearance of 1 million BTC belonging to Satoshi Nakamoto on the market will “plunge us into the Stone Age”. Obviously, he means the collapse of the BTC rate to $20,000 or even lower. It is not difficult to guess what consequences the injection of 6 million BTC will lead to. Therefore, some experts suggest blocking crypto wallets vulnerable to hacking using quantum computing to avoid collapse.

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Quantum computing will bring 6 million bitcoins to the market
Happy Coin News
Published 02/09/2025, 15:58
Updated 02/09/2025, 17:05
Quantum computing will bring 6 million bitcoins to the market
&copy; Reuters. Quantum computing will bring 6 million bitcoins to the market
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Happycoin.club - Paolo Ardoino, CEO of Tether stablecoin issuer USDT, is confident that $581.3 billion worth of bitcoins will flood the market at the current rate thanks to quantum computing.