A new report jointly released by ARK Invest and Unchained concludes that quantum computing does not pose a direct threat to Bitcoin's cryptography. The report notes that current quantum systems are far from achieving the capability needed to break Bitcoin's elliptic curve encryption, which would require at least 2330 logical qubits to compromise Bitcoin. The report estimates that while theoretically approximately 35% of the Bitcoin supply could potentially be exposed in its current form, this risk is long-term and manageable, providing sufficient time for the Bitcoin network to make adjustments.

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