Quantum Computing Threatens Bitcoin's Future

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 10 2026

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Quantum Threat Warning: Project Eleven's report indicates that quantum computing poses an existential threat to Bitcoin and most blockchain networks, projecting Q-Day could arrive between 2030 and 2042, suggesting that without action, current cryptographic techniques will become obsolete.
Bitcoin Vulnerability Analysis: The report highlights that approximately 6.9 million BTC, or one-third of the total supply, is held in addresses vulnerable to quantum attacks, with attackers potentially able to crack Bitcoin encryption in nine minutes, theoretically succeeding in 41% of transactions.
Rising Industry Divisions: BitGo CEO Mike Belshe accused Project Eleven of exploiting quantum threats to create panic for their business model, despite managing over $80 billion in crypto assets, indicating that if clients lose confidence, his business could also face severe repercussions.
Heated Quantum Debate: Following the release of Project Eleven's report, discussions around quantum computing have intensified, revealing significant conflicts of interest within the industry as experts express divergent views on the quantum threat, highlighting the complex relationship between technological advancement and business interests.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	45309.893	52220.402	57587.883	64498.392	69865.873	76776.382	82143.863
Fibonacci	52220.402	56910.594	59808.199	64498.392	69188.584	72086.189	76776.382

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

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.

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