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Cardano's Hoskinson Warns Bitcoin Could Surrender Top Spot If Governance Fails Quantum Test
Speaking in a recent interview reported by The Block, Hoskinson argued that Bitcoin's rigid governance structure could prevent it from executing the protocol-level upgrades needed to defend against quantum threats. If that happens, he believes the $1.3 trillion asset could ultimately lose its position as the world's largest cryptocurrency.
Quantum computers, once a distant theoretical concern, are now close enough to force hard conversations across the industry. Bitcoin's core security model assumes that sufficiently powerful quantum machines do not exist. Hoskinson says that assumption is becoming increasingly dangerous.
The threat is not limited to dormant holdings. An adversary with quantum capability could theoretically extract private keys from exposed public keys, putting billions of dollars of active Bitcoin at risk.