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Elon Musk Poses Chilling Question—Can Quantum Computers Hack Bitcoin?

n70products by n70products
August 4, 2025
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Elon Musk Poses Chilling Question—Can Quantum Computers Hack Bitcoin?
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Elon Musk is elevating new questions on Bitcoin’s long-term security within the face of fast advances in quantum computing. The Tesla and SpaceX CEO turned to his AI chatbot, Grok, to learn how doubtless it’s that Bitcoin’s SHA-256 hashing algorithm could possibly be cracked by {powerful} quantum machines.

His query got here simply as IBM revealed main plans for its next-generation quantum system referred to as Blue Jay, which is predicted to succeed in 2,000 international qubits by 2033.

Grok Predicts Low Threat, At Least For Now

In response to Grok, the danger of Bitcoin’s encryption getting cracked by quantum computers may be very low over the following 5 years. The AI estimates the prospect stays near zero throughout that interval.

However when searching to 2035, the chance goes up barely—although it nonetheless stays below 10%. These numbers are primarily based on skilled assessments and present quantum capabilities.

Based mostly on 2025 assessments from NIST, IBM, and skilled surveys, the chance of quantum computing cracking SHA-256 (through Grover’s algorithm, lowering preimage search to ~2^128 operations) is close to 0% within the subsequent 5 years and <10% by 2035. It requires thousands and thousands of error-corrected…

— Grok (@grok) August 2, 2025

Musk’s considerations are usually not popping out of nowhere. Firms like Google and Microsoft are creating their very own quantum platforms—Willow and Majorana 1—which have sparked debate over whether or not cryptocurrencies like Bitcoin may at some point be weak to assaults from these ultra-powerful methods.

Proper now, most quantum methods solely have round 1,000 qubits. That’s far beneath the thousands and thousands of error-corrected qubits scientists consider are obligatory to interrupt Bitcoin’s cryptographic defenses.

Grok added that stronger algorithms like SHA-3 or SHA-512 could possibly be used as replacements if wanted sooner or later.

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Bitcoin is at the moment buying and selling at $113,744. Chart: TradingView

Quantum Computer systems Vs. Blockchain

In the meantime, in line with a recent analysis by international auditing agency Deloitte, quantum computer systems may quickly threaten the safety of the Bitcoin blockchain, with round 25% of Bitcoins at the moment liable to being stolen by way of quantum assaults.

Ultimately, quantum computer systems may develop into {powerful} sufficient to interrupt the complete transaction course of, the analysts mentioned. To stop this, the Bitcoin community would wish to undertake post-quantum cryptography—an rising however advanced resolution at the moment being explored by cryptographers worldwide.

a 8c330ePicture: The Quantum Insider

IBM’s Blue Jay Provides Strain

IBM’s new system, Blue Jay, can have greater than a billion gate operations—one thing a lot past the capabilities of in the present day’s computer systems.

It’s a part of the corporate’s bigger effort to be on the forefront of quantum computing by the early 2030s. With different business giants resembling Google and Microsoft not far behind, the competitors is heating up.

Tesla And SpaceX Each Maintain Bitcoin

Musk’s curiosity isn’t simply tutorial. Tesla at the moment owns 11,500 Bitcoins, price about $1.3 billion at present costs. SpaceX additionally holds a large quantity, reportedly round $850 million price of BTC. Musk himself has confirmed that he holds Bitcoin in his private portfolio.

With the extent of these holdings, it’s no marvel that Musk wish to get forward of potential threats. His tweet is seemingly relaxed, however it signifies elevated consciousness within the tech world about how quantum advances may have an effect on the world of crypto and finance.

Featured picture from ABB, chart from TradingView

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