BitGo CEO says quantum risk to Bitcoin is real, but no direct threat exists yet

BitGo co-founder and CEO Mike Belshe said Bitcoin does face a genuine long-term risk from quantum computing, though no existing quantum computer can directly threaten the cryptographic security that protects the network today. He said current quantum systems remain extremely limited, operating in a range from single-digit qubits to roughly 100 qubits, far from practical use against Bitcoin’s cryptography. Belshe also said the digital asset industry has already started preparing for that longer-term challenge. BitGo, he noted, has launched a quantum-resistant wallet, although the technology is still being refined. His comments point to a split view often seen in the market: the threat is not being dismissed, but neither is it considered immediate. He also described the crypto industry as being in the middle of major change and warned that large price swings remain part of the market. In his words, investors who cannot tolerate a 20% decline are also unlikely to handle a 600% gain. The remarks were cited by U.Today and carried by Techub News.