While the news discusses a potential future threat (quantum computing), prominent figures like adam back are downplaying immediate panic, suggesting bitcoin's software can adapt faster than the quantum hardware threat. this reduces the near-term price impact.
The article addresses a long-term potential risk rather than an immediate catalyst. while it highlights that preparations are underway, it doesn't present a scenario for significant short-term price movement in either direction.
The discussion around quantum computing's threat to bitcoin is a long-term concern, with the mentioned 2029 deadline being a milestone for quantum computing development, not an immediate breaking point for bitcoin's security.
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. While on Bloomberg, Nic Carter once again raised the issue of a “quantum deadline” in 2029, one of the industry’s key architects, Adam Back , remains completely calm. His response to warnings that Bitcoin could become “obsolete” and lose Satoshi’s coins boils down to a simple thesis: software protection is evolving faster than the hardware threat. Advertisement Back emphasizes that the “2029 deadline” mentioned by Google is a milestone in developing stable quantum computing for cloud services, not a ready-made tool for breaking cryptography. To derive private keys to a Bitcoin wallet, millions of logical qubits with error correction would be required, which, according to most experts, remains a long-term prospect extending beyond the current decade. he's still going?🤣 https://t.co/v6g4cbLOL7 bitcoin PQ research & implementation is moving much faster than quantum hardware research... HOT Stories Massive $290 Million Hack Hits Ethereum and Arbitrum Most Important Bitcoin (BTC) Price Test in 2026, Ethereum (ETH) Hits Ceiling, XRP Will Go Parabolic If Price Growth Accelerates: Crypto Market Review — Adam Back (@adam3us) April 19, 2026 How Bitcoin devs get ready to battle quantum computers Research in post-quantum cryptography for Bitcoin is already at the stage of testing implementations, says Back. Some Bitcoin devs are already creating “safe havens” in the form of quantum-resistant addresses, to which users will be able to transfer their funds via a standard soft fork upgrade . Advertisement While quantum computers remain bulky laboratory systems operating at ultra-low temperatures, Bitcoin’s code can be modified and deployed across the network within weeks. Back notes with irony that software research is progressing “much faster” than fundamental breakthroughs in semiconductor physics. You Might Also Like Fri, 04/17/2026 - 14:30 What Happens to Satoshi's Coins? Cardano Founder Outlines Quantum Scenarios By Tomiwabold Olajide In response to Carter’s concerns that a quantum breakthrough could expose Satoshi’s “1 million BTC,” Adam Back is convinced 2029 is not the end of the road, but simply another stage of development. Advertisement Instead of reacting with panic, it is more prolific to monitor progress in proposals such as BIP-361 and other signature upgrade initiatives. The quantum threat is real as a scientific concept, but as a practical problem for Bitcoin , it is already being addressed. #Adam Back #Bitcoin #Quantum Computing #Bitcoin News