Nic Carter says that the US, publicly or privately, will use quantum computers to recover bitcoins threatened by the technology
Nic Carter, the famed Bitcoin advocate, believes that the US will use quantum computers to recover the coins that are threatened by this technology.
In 2023, Carter popularized the phrase “Operation Choke Point 2.0” to warn companies and investors that the Biden administration is trying to quietly ban cryptocurrencies.
In the conversation published on the Galaxy channel this Friday (23), the specialist also talked about the macroeconomic scenario, institutional adoption, artificial intelligence, and other topics.
Studies suggest that 4 to 10 million bitcoins—about 20 to 50% of the entire circulating supply—are threatened by quantum computers. While many may be able to move their coins to addresses resistant to this new threat, which have not yet been released, the text estimates that 2 to 3 million coins are lost/abandoned.
One proposed solution was to freeze these coins, preventing them from being moved even after the arrival of quantum computers.
For Nic Carter, this feature is controversial. In the specialist’s view, what should happen is a technological race, where the US wins other countries and becomes the protector of these bitcoins.
“I believe there will be an effort to recover these coins, probably led by the government. They are the most prepared to do it. Maybe a private-sector company gets there first. And the reason I think this will happen is because I believe the US is leading in quantum computing.”
Continuing, Carter says that the issue really matters and one of the first priorities will be the recovery of these bitcoins.
Nic Carter, the famed Bitcoin advocate, believes that the US will use quantum computers to recover the coins that are threatened by this technology.
In 2023, Carter popularized the phrase “Operation Choke Point 2.0” to warn companies and investors that the Biden administration is trying to quietly ban cryptocurrencies.
In the conversation published on the Galaxy channel this Friday (23), the specialist also talked about the macroeconomic scenario, institutional adoption, artificial intelligence, and other topics.
Studies suggest that 4 to 10 million bitcoins—about 20 to 50% of the entire circulating supply—are threatened by quantum computers. While many may be able to move their coins to addresses resistant to this new threat, which have not yet been released, the text estimates that 2 to 3 million coins are lost/abandoned.
One proposed solution was to freeze these coins, preventing them from being moved even after the arrival of quantum computers.
For Nic Carter, this feature is controversial. In the specialist’s view, what should happen is a technological race, where the US wins other countries and becomes the protector of these bitcoins.
“I believe there will be an effort to recover these coins, probably led by the government. They are the most prepared to do it. Maybe a private-sector company gets there first. And the reason I think this will happen is because I believe the US is leading in quantum computing.”
Continuing, Carter says that the issue really matters and one of the first priorities will be the recovery of these bitcoins.
