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Paolo Ardoino, CEO of Tether, has expressed interest in exploring quantum computing initiatives to recover lost Bitcoin, including wallets associated with Satoshi Nakamoto. He predicts that advancements in quantum computing could eventually enable the hacking of these wallets, potentially returning billions of dollars worth of Bitcoin to circulation. However, Ardoino reassured that Bitcoin's current cryptography remains secure, and he noted that quantum-resistant addresses may be adopted in the future. Europol has also raised concerns about the risks posed by quantum computing advancements to financial institutions, emphasizing the need for cooperation across government and industry to address these challenges.
Can Quantum Computing Unlock Lost Bitcoin Wallets? A Threat or An Opportunity? #QuantumComputing https://t.co/apCZiOxrk9
Quantum Computing & Bitcoin: Hype or Reality? Paolo Ardoino predicts quantum computers could eventually crack lost Bitcoin wallets - yes, even Satoshi’s stash - returning billions to circulation. For now, Bitcoin’s cryptography holds strong. The real challenge will be… https://t.co/nvUvpgZYKf
🔥 JUST IN: Tether CEO Paolo Ardoino predicts quantum computing will eventually hack lost #Bitcoin wallets, including Satoshi’s if he is not alive, returning funds to circulation. He says Bitcoin cryptography remains secure for now, with quantum-resistant addresses to be adopted… https://t.co/1fKqYSCpin
