31.2% of Bitcoin’s total supply, around 6.26 million $BTC sits in addresses with exposed public keys, according to Glassnode co-founder Rafael.
This comes after Ethereum Foundation researcher Justin Drake urged the crypto industry to prepare for “bunker mode” due to potential quantum computing threats.
Now this is becoming a new FUD narrative, creating panic across the market.
Exposed public keys do not mean those BTC have been hacked or can be stolen today. No practical quantum attack capable of breaking Bitcoin’s cryptography has been demonstrated.
The risk deserves attention, but confusing long term threats with an immediate danger only creates unnecessary panic.
This comes after Ethereum Foundation researcher Justin Drake urged the crypto industry to prepare for “bunker mode” due to potential quantum computing threats.
Now this is becoming a new FUD narrative, creating panic across the market.
Exposed public keys do not mean those BTC have been hacked or can be stolen today. No practical quantum attack capable of breaking Bitcoin’s cryptography has been demonstrated.
The risk deserves attention, but confusing long term threats with an immediate danger only creates unnecessary panic.