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The Coinbase Quantum Advisory Council has issued a statement saying quantum computing poses no risk to Bitcoin “at least not now,” citing a new paper compiled by researchers from multiple universities and crypto entities.
The report argues that not all parts of the crypto ecosystem are equally exposed. It says Bitcoin’s core infrastructure is safe, including mining, hash functions, and historical information. It also frames wallet-level risk as the main area where quantum computing could eventually be used to compromise and steal crypto holdings.
While the Council notes that quantum computing does not meaningfully exist today in a way that would threaten Bitcoin, it says the technology is coming and that now is the time to strengthen security measures across the broader crypto ecosystem.
The Council said different networks are addressing the issue in different ways:
Regarding Coinbase, the Council said the company is adopting practices designed to simplify updates and improve resilience against cyber threats.
Although the Council characterizes threats as not imminent, it cautions that the future remains uncertain. It also referenced Google research suggesting potential risks could emerge between 2029 and 2035.
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