Researchers have reduced the number of qubits needed to crack RSA encryption used in Bitcoin wallets to around 1 million, potentially accelerating the vulnerability timeline.
The ability of quantum computers to break RSA encryption quickly poses a serious threat to Bitcoin's security, leading to concerns about the future of the cryptocurrency.
While quantum computing advancements could compromise Bitcoin's security, some experts believe it might also help in recovering lost wallets and restoring forgotten Bitcoins.
Various quantum-resistant solutions are being explored in the crypto ecosystem, such as Solana's Winternitz Vault and Ethereum's preparations for potential threats.