Bitcoin Community Recognizes Quantum Computing Risk: VanEck - Bitcoin Magazine

HomeNEWSBitcoin Community Recognizes Quantum Computing Risk: VanEck NEWS Bitcoin Community Recognizes Quantum Computing Risk: VanEck Asset manager VanEck's Head of Digital Assets Research, Matthew Sigel, said the Bitcoin community was working on solutions.

By Mathew Di Salvo September 18, 2026 Bitcoin Community Recognizes Quantum Computing Risk: VanEck Share FacebookXLinkedinReddItEmailTelegramCopy URL Prefer us on Google Download App Download App Quantum computing is a risk to Bitcoin but the community recognizes the issue, according to asset manager VanEck’s Head of Digital Assets Research. Speaking to CNBC on Friday, Matthew Sigel said that while progress on addressing the issue may be slow because of the crypto network’s decentralized nature, the community was working on it. The crypto community has sounded the alarm about hypothetical advancements in quantum computers that could in the future be able to break Bitcoin’s cryptography. Some in the space — including Bitcoin developers — have started preparing for a post-quantum future by testing quantum-resistant signatures on live sidechains. “It’s a risk,” he said. “But the community has recognized the scope of the issue. There’s a lot of talent that’s now come together with a framework of how to upgrade the system.” He added: “The upgrades don’t happen as fast because there’s no CEO who can tell the devs, ‘hey, do it now.’ There’s a governance process — it takes more time, it’s a little bit messier, but there are technological paths for quantum resistance, and I think you’ll see more of that over the next couple of years.” Quantum computers do exist but make mistakes and a machine that can break Bitcoin’s cryptography currently does not exist. Bitcoin currently is the biggest computer network in existence. Major companies in the space — including America’s biggest crypto exchange, Coinbase, and Bitcoin infrastructure firm, Blockstream — are already working on solutions. Back in July, Coinbase said it plans to deliver a post-quantum signing pipeline using secure enclaves and threshold cryptography. A Bitcoin Security Consortium — made up of BlackRock, Fidelity Digital Assets, Block, and others — formed in July and donates funds and dedicates engineers to open-source work supporting proposals like BIP-360, which aims to introduce a new transaction output type to reduce long-exposure quantum computing risks. TagsBitcoinQuantumVaneck Share FacebookXLinkedinReddItEmailTelegramCopy URL Previous articleThe Next 3-5 Years of Bitcoin Lending Mathew Di SalvoMathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy. RELATED ARTICLES MARKETS The Next 3-5 Years of Bitcoin Lending September 18, 2026 NEWS Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC September 17, 2026 NEWS Bitcoin Price Unlikely To Be Bothered by Interest Rate Hike: Grayscale September 17, 2026 Bitcoin BTC/USD $0.00 24hr %: 0.0% 24hr High: $0.00 24hr Low: $0.00 Error loading data. Check console for details. LATEST NEWS The Next 3-5 Years of Bitcoin Lending September 18, 2026 00:14:13 Dan Hillery: Digital Credit Could Rival BTC’s $1.5 Trillion Market Cap September 17, 2026 Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC September 17, 2026 Bitcoin Price Unlikely To Be Bothered by Interest Rate Hike: Grayscale September 17, 2026 Load more