A lot of people still think quantum computing is something way off in the future, but honestly the pace of progress has been surprising. It’s moving faster than most of us expected.right now, bitcoin and most other cryptocurrencies are built on elliptic curve cryptography . The problem is, once a public key shows up on-chain, a powerful enough quantum computer could, at least in theory, reverse it and figure out the private key.
Now,i am not saying this happens tomorrow,but if bitcoin does not upgrade its cryptography in the next 3–5 years, the risk gets very real. Quantum hardware is improving step by step, and once it crosses a certain threshold, the current security model won’t hold up.
We’re talking about the world’s fifth largest asset here. If it doesn’t adapt, the idea that its security could collapse almost overnight and bitcoin price will go to zero.
But how do you know that no one is working to improve bitcoin's security? The more it becomes popular, the more people gets interested to work in the crypto industry. Now Information technologists or developers are very in demand and many students are getting more interested. So I at least have some hope towards the new generations that they can find ways to improve and even make bitcoin's security a lot stronger or strong enough to work against challenges like you have mentioned.