Post
Topic
Board Bitcoin Discussion
Re: El Salvador moved their bitcoins
by
Scarlett_23
on 03/09/2025, 18:28:00 UTC
El Salvador moved their 6.274 bitcoins into 14 different wallets in order to prepare for a possible quantum threat in the future.

They believe that through this, they are reducing the risks of losing all their bitcoin should quantum threats be real in the future and their holdings get attacked. That is the only reason why El Salvador is moving their bitcoins and I believe this should be something we can all learn from El Salvador. Distributing your bitcoins in more than one wallets will save you in the future and El Salvador knows this.

If El Salvador divides their Bitcoin into several wallets and keeps them separate, then they have done a practical and reasonable thing. Not only buying Bitcoin, but also ensuring its security. Not only for quantum computing, if it is in an insecure wallet or exchange, hackers can steal it at any time. El Salvador has borrowed a lot of money from the IMF. The IMF has given conditions on their Bitcoin policy on this occasion. So, Bitcoin is already a valuable asset, but it has become even more valuable to them.

If quantum computing poses any kind of threat to the Bitcoin network, then perhaps the developers will also take anti-quantum measures. However, how true or false this is cannot be said at the moment.