OneKey Founder: "Google's 2029 deadline" is only an internal migration target and has no direct relation to when Bitcoin will be broken by quantum computing.

ME News message, on April 1 (UTC+8), OneKey founder Yishi posted on X that the so-called “Google 2029 deadline” is only its internal migration target and has no direct relationship to when Bitcoin will be broken by quantum computing; linking the two together is misleading. Yishi said the claim that “6.26 million BTC are at risk” is inaccurate. Only early P2PK addresses that have their public keys exposed for a long time are at risk. Standard addresses will not expose their public keys if they are not reused, so including all addresses as risk is an exaggeration. In addition, he emphasized that Bitcoin uses signatures, not encryption, so there is no attack path of “store first, break later.” He said that today’s quantum devices only have a few thousand noisy qubits, and cracking ECDSA would require millions of stable qubits. He stated that the quantum threat is real but not imminent. The Bitcoin community has already been working on post-quantum cryptography solutions, so there’s no need for fear-driven rendering. (Source: PANews)