Quantum computing may crack the Bitcoin encryption system in 2028

Quantum Doomsday Clock pointed out that quantum computing may crack the Bitcoin encryption system on March 8, 2028. According to the study, 1,673 logical qubits are needed to crack ECC-256 and 2,314 for RSA-2048.
IBM Chief Technology Officer Michael Osborne said that quantum risks are growing faster than expected, and IBM's Starling project plans to build a fault-tolerant quantum computer by 2029. Solana co-founder Anatoly Yakovenko has warned that blockchain networks must migrate to quantum-resistant encryption within 5 years.