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BlackRock has issued a stark warning about the risks quantum computing poses to Bitcoin’s cryptographic security. The asset manager updated its iShares Bitcoin Trust (IBIT) filing to highlight this emerging threat, signaling a potential long-term challenge for the crypto ecosystem.
- BlackRock updated its IBIT filing to flag quantum computing as a risk to Bitcoin's cryptographic security.
- Quantum advancements could potentially break Bitcoin's encryption, threatening its long-term viability.
- The warning highlights the need for the crypto industry to develop quantum-resistant security measures.
📎 Related coverage from: cointelegraph.com