Bitcoin Updates: Quantum Risks Ignite Division in Crypto Community—Bitcoin Faces Off Against Privacy-Centric Rivals
- VanEck warns Bitcoin's long-term security risks from quantum computing advances, urging post-quantum cryptography adoption. - Quantum internet projects by IBM/Cisco and $2.84B PQC market growth by 2030 highlight urgent cryptographic adaptation needs. - Zcash's 12% price surge and Winklevoss's $100M treasury initiative spark debates over privacy coins as Bitcoin alternatives. - Experts split: Zcash advocates see privacy complementarity, while critics fear Bitcoin dominance erosion amid regulatory shifts.
VanEck: Bitcoin Remains Valuable, But Quantum Computing Could Change That
VanEck, a prominent asset management firm, has issued a warning that although
The field of quantum computing is advancing quickly, with
The post-quantum cryptography sector is expected to expand from $0.42 billion in 2025 to $2.84 billion by 2030,
At the same time, Zcash has become central to the ongoing privacy coin conversation. The digital asset recently jumped 12% to $600 after being relisted on OKX, sparking renewed debate about its potential as a "privacy layer" for Bitcoin.
Yet, there is disagreement among industry voices.
VanEck's research points to a more sophisticated approach for investors. While Bitcoin is still seen as a reliable store of value, the firm recommends mitigating quantum risks by adopting PQC and diversifying into privacy-oriented assets. The market may soon split between traditional Bitcoin investors and those who prioritize quantum security and transaction privacy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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