What Happens to Satoshi's Coins? Cardano Founder Outlines Quantum Scenarios

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Three Bitcoin quantum options named Satoshi's 1.1 million coins vulnerable Advertisement Cardano founder Charles Hoskinson predicts the potential fate of Satoshi's coins, drawing from his experience in post-quantum cryptography. On the Rollup podcast, Hoskinson laid out his credentials in quantum cryptography. The Cardano founder worked on NIST standards and participated in over 250 research publications. He was also part of the team that wrote the first paper on Bitcoin vs. the quantum adversary in 2019, building post-quantum systems. Three Bitcoin quantum options named Hoskinson highlighted three quantum options; the first is to do nothing, which might result in the entire system being broken, in the case that a quantum computer exists. HOT Stories Dogecoin Holders Suggest Elon Musk's X Money Absorbed 3 Billion DOGE, $2 XRP Risks Causing $10 Million Single Liquidation on Hyperliquid, Binance's Fresh Delistings Target Ethereum DeFi Space: Morning Crypto Report Shiba Inu (SHIB) Most Stable It Has Ever Been, Hyperliquid (HYPE) on Verge of New ATH, XRP Price Spikes Through First Resistance: Crypto Market Review The second option is a soft fork with post-quantum signatures added. In this scenario, Hoskinson speculates that about 15-20% of the BTC supply might get stolen from vulnerable legacy keys. Advertisement You Might Also Like Wed, 04/15/2026 - 17:05 Cardano Founder Questions Bitcoins Post Quantum Defense Plan By Alex Dovbnya The third option is BIP 361, which Hoskinson says is the most extreme of the three options. Owing to its partial recovery capability, about 1.7 million BTC might be lost. Lost wallets and Satoshi's coins Advertisement — Charles Hoskinson (@IOHK_Charles) April 17, 2026 In response to this, an X user asked the Cardano founder to clarify whether the 1.7 million Bitcoin might be lost. Hoskinson replied, saying, "Lost wallets and Satoshi's coins." Satoshi's 1.1 million coins vulnerable Hoskinson indicated that the latest Bitcoin improvement proposal might not be able to save all of the Bitcoin vulnerable to quantum computing. You Might Also Like Mon, 02/09/2026 - 13:13 Costly Mistake? $181,000 BTC Mysteriously Sent to Satoshi Nakamoto Wallet By Tomiwabold Olajide The new Bitcoin improvement proposal, dubbed BIP-361, seeks to save as much as 34% of Bitcoin’s supply, or more than seven million coins valued at $536 billion, by freezing coins that do not migrate to quantum-resistant addresses in the future. But Hoskinson says it will still leave as many as 1.7 million coins vulnerable. At least 1.1 million of those coins belong to pseudonymous Bitcoin creator Satoshi Nakamoto . Legacy wallets might account for the majority of the rest of this figure. #Charles Hoskinson #Quantum Computing #Bitcoin #Cryptocurrency