“[I]f quantum computing technology is able to advance […] it could potentially undermine the viability of many of the cryptographic algorithms used across the world’s information technology infrastructure, including the cryptographic algorithms used for digital assets like bitcoin,” BlackRock said.
So perhaps they should just forget about this whole ETF thing?
Please?
Laying out the risks for investors.
Yes, I know. Whenever you read the fine print in any investment product prospectus you have to take these "risks" with a grain of salt.
But some can absolutely wreck your investment
Would be hilarious if they get scared off by the quantum fudd. That would be beautiful.
It would be nice :)
sell it, it's going to zero
Scare some weak hands before the big rally to 300k?
We know there are quantum resistant crypto algorithms that bitcoin could use so for now it is not a worry but they just may have to say that for legal reasons.
LOL, BlackRock’s scared of quantum boogeymen breaking Bitcoin? Nah, keep the ETF coming—BTC’s tougher than that.
I understand this as an element of justification of position. To buy "Bitcoin is the future and blah blah blah" to sell "Quantum computers". Then you keep buying and selling using fallacious justifications.
No...you don't have to forget about the ETF.. You just have to "neglect" it a little, and then withdraw it again at the right time...you can make a lot of money with this (and similar ones) (for them).
I feel they are blowing up the quantum computing.
It will still take a very long time to break the algorithm.
Shor's algorithm in practice can just about find the prime factors of 21. I can do that in my head. Don't need a quantum computer for that.
you can crack bitcoin priv keys in your head bro? that's sick. you must already control satoshi's coins then, eh?
Please read my message again
Finding the prime factors of 21 is far from enough for cracking a Bitcoin private key. I can figure out in my head that 3*7 = 21. That's the level quantum computers are on right now. So I am not worried about quantum computers cracking Bitcoin private keys any time soon.