The SEC said it was reluctant to launch a Bitcoin ETF due to various risks for investors. But there’s one risk no one talks about.
One day, quantum computers may be able to use public keys to calculate secret keys to Bitcoin wallets.
If this risk ever becomes real enough, the SEC will have no choice but to shut down Bitcoin ETFs. It would be the first time in history that a regulator has forced an active ETF to close.
Crypto on the stock market would also become a thing of the past.
This post is an expression of genuine concern but it turn out to sound like soft fud. Why will you even worry about the safety of the funds under ETF, companies that probably have insurance coverage. They will protect their funds just like banks do and it is even a top priority for them since they will have to prove the SEC wrong in their apprehension. I do not think the companies that have ETF do no know what to do, they are constantly adapting to the best security measures that is available because they understand the consequence of a security breach in their system.
Yeah, everyone can hide and guise on matters that we might thought to be genuine in the beginning, but if you learn how to read between the line, it seems that it has a deeper meaning. No offense to the OP, but for sure he should have research more on QC as it has been discussed before many teams in this forum. And from what we gather, yeah it could be a potential threat, but not everyone can hold their hands on QC and this super computer might be just used by few in the universities or just in the academe. And who would have thought of it to be cracking the algo of Bitcoin when it could have been spent on other more important things. So sorry to burst the bubble to the OP, I guess we will just crossed the bridge when we get there.