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

by n70products
August 4, 2025
in Bitcoin
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Elon Musk Poses Chilling Question—Can Quantum Computers Hack Bitcoin?
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Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Ad Disclosure

Elon Musk is elevating new questions on Bitcoin’s long-term security within the face of speedy advances in quantum computing. The Tesla and SpaceX CEO turned to his AI chatbot, Grok, to learn the way doubtless it’s that Bitcoin’s SHA-256 hashing algorithm may very well 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 world qubits by 2033.

Grok Predicts Low Threat, At Least For Now

In accordance with Grok, the chance of Bitcoin’s encryption getting cracked by quantum computers could be very low over the subsequent 5 years. The AI estimates the possibility stays near zero throughout that interval.

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

Based mostly on 2025 assessments from NIST, IBM, and skilled surveys, the likelihood 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 hundreds of thousands of error-corrected…

— Grok (@grok) August 2, 2025

Musk’s issues are usually not popping out of nowhere. Corporations 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 might in the future be susceptible to assaults from these ultra-powerful programs.

Proper now, most quantum programs solely have round 1,000 qubits. That’s far under the hundreds of thousands of error-corrected qubits scientists consider are vital to interrupt Bitcoin’s cryptographic defenses.

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

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

Quantum Computer systems Vs. Blockchain

In the meantime, based on a recent analysis by world auditing agency Deloitte, quantum computer systems might quickly threaten the safety of the Bitcoin blockchain, with round 25% of Bitcoins presently prone to being stolen by way of quantum assaults.

Finally, quantum computer systems may change into {powerful} sufficient to interrupt all the transaction course of, the analysts mentioned. To forestall this, the Bitcoin community would want to undertake post-quantum cryptography—an rising however complicated answer presently being explored by cryptographers worldwide.

a 8c330ePicture: The Quantum Insider

IBM’s Blue Jay Provides Strain

IBM’s new system, Blue Jay, may have greater than a billion gate operations—one thing a lot past the capabilities of at the moment’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 trade giants equivalent to Google and Microsoft not far behind, the competitors is heating up.

Tesla And SpaceX Each Maintain Bitcoin

Musk’s curiosity isn’t simply educational. Tesla presently 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 want to get forward of potential threats. His tweet is seemingly relaxed, but it surely 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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