Coinbase Warns Bitcoin Security at Risk from Quantum Computing Advances
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Security Risk Warning: David Duong, Coinbase's Global Head of Investment Research, highlighted that Bitcoin's cryptographic security is under severe threat due to rapid advancements in quantum computing, potentially exposing nearly one-third of Bitcoin's supply to market vulnerabilities.
- Wallet Vulnerabilities: Approximately one-third of Bitcoin is stored in wallets utilizing exposed encrypted outputs, making them prime targets for quantum computing attacks, which could jeopardize Bitcoin's long-term security.
- Uncertain Market Reaction: Despite quantum computing being in its early stages, the community's response to this risk remains unclear, with a noticeable lack of discussions on social media, indicating insufficient market awareness of security issues.
- Potential Economic Impact: Although quantum mining seems distant, experts emphasize that signature security is the primary concern under current technological constraints, and failure to address these vulnerabilities could significantly impact Bitcoin's market stability.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







