Bitcoin's Quantum Threat Is Real. The Migration Clock Is Ticking

Bitcoin and other cryptocurrencies rely on elliptic-curve cryptography that is vulnerable to quantum attacks. Recent research shows the hardware requirements for breaking this encryption have dropped significantly, now requiring 660 qubits and 490 million T gates, down from 672 qubits and 823 million T gates just days ago. With an estimated $2 trillion in digital assets at risk and no mandatory migration mechanism, the industry faces a voluntary coordination problem where early adopters bear migration costs while others delay, leaving a large portion of the $2.8 trillion crypto market exposed to future quantum attacks.