BitGo co-CEO: Bitcoin quantum risk is real but far from practical

BitGo co-CEO Mike Belshe said Bitcoin’s quantum-computing risk is genuine but still distant, arguing that no quantum systems today can break the cryptocurrency’s cryptography and that workable machines remain limited to roughly single digits to about 100 qubits. Speaking on Fox Business, he said the industry is already investing in long-term defenses and noted BitGo has launched a quantum-resistant wallet that is not yet perfect and will need further changes. Belshe framed fresh capital flowing into digital assets as positive for the sector and said significant volatility should be expected as crypto rebuilds market infrastructure and reshapes finance. He repeated that investors unwilling to accept 20% drawdowns are not prepared for 600% upside, while earlier remarks also held that Bitcoin’s original investment thesis remains as strong as it was 15 years ago.

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