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VanEck’s Matt Sigel Warns Quantum Threat Poses Unique Risk to Bitcoin

  • Matt Sigel from VanEck warns about the unique risk quantum computers pose to Bitcoin's cryptographic systems.
  • Bitcoin's decentralized nature makes it challenging to quickly adapt to quantum threats compared to centralized institutions.
  • The lack of a central authority in Bitcoin means upgrades require coordination across miners, wallet providers, and node operators.
  • Sigel acknowledges the slow and complex process ahead for Bitcoin to address quantum threats while remaining confident in its ability to adapt.

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