Although still in its “infancy stages,” quantum computing could pose a threat to Bitcoin and other proof-of-work algorithms in the near future, according to Amit Mehra, a partner at venture capital firm Borderless Capital.
When asked what trends Borderless Capital was following, Mehra, speaking to Cointelegraph at the Global Blockchain Congress Dubai 2025, said the company was “diving deep into quantum computing” and looking at how companies are developing quantum resistance technology.
Mehra said quantum computing would take until the end of the decade to develop. Yet, he says, people tend to underestimate the rapid evolution of technology:
“Given recent advances in chip technology, computing technology and the ability to do computing in a decentralized manner, it [quantum computing] is definitely a problem. If it’s not imminent […] in the very near future. »
Quantum computing exploits quantum principles physical to process information at speeds much higher than current machines. Although the technology is still emerging, it could eventually break encryption protecting cryptocurrencies and other sensitive data, pushing developers to create new, post-quantum security standards.
Charles Edwards, founder of quantitative Bitcoin and digital asset fund Carpriole, said the situation is far more urgent and argues the industry needs to employ solutions as soon as possible before it is too late.
On October 15, he posted on X: “If Bitcoin doesn’t solve Quantum over the next year, gold will continue to outperform it forever.” »
“This is an emergency and we must choose a solution next year,” he wrote.
Related: Google announces quantum advantage, 13,000 times faster than supercomputers
Prepare for the quantum threat
Mehra and Edwards aren’t the only ones worried about quantum computing.
In July, SUI Research revealed a new cryptographic framework designed to protect blockchains from quantum computing threats – without the need for hard forks, new addresses or key resets.
But while the new solution works for SUI, Near, Solana, Cosmos and other blockchain networks, it does not solve the problem for Bitcoin or Ethereum.
Meanwhile, the US government would plans to invest in quantum computing to protect national security interests.
An October report from Bloomberg said the U.S. Commerce Department could allocate funds to the emerging technology to stay competitive with China.
Review: Bitcoin white paper turns 17 as first red October in 7 years looms for BTC
