Ryan
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Someone just broke the same encryption Bitcoin uses on a public quantum computer in 45 minutes
Yesterday an Italian researcher named Giancarlo Lelli broke a 15 bit elliptic curve key in 45 minutes on a publicly accessible quantum computer
It's the same math that secures every Bitcoin wallet, every Ethereum address and around $2.5 TRILLION in digital assets
He used around 70 qubits on cloud hardware, no national lab, no special equipment and won 1 BTC for it
The estimate of qubits needed to break Bitcoin's full key has dropped from 13 million in 2022 to under 500,000 weeks ago, then days later another study cut it 50x lower at 10,000
That's a 1,300x reduction since 2022, with most of the drop in the last six months
Right now 6.9 MILLION BTC, around $520 billion, sit in addresses with public keys already exposed on chain
That includes Satoshi's 1.1 million BTC, permanently visible and impossible to migrate because he's not coming back to move them
BlackRock tripled the quantum risk disclosure in its $64 billion Bitcoin ETF prospectus, warning quantum computing could result in "losses to Shareholders"
A Federal Reserve working paper called "harvest now, decrypt later" an active threat in September 2025, meaning state actors are already collecting public keys today to crack them when the hardware catches up
Quantum has been a future problem for 15 years
Yesterday the future arrived


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⚡️QUANTUM COMPUTER BREAKS ECC KEY IN BITCOIN-RELATED TEST
A researcher used public quantum hardware to break a 15-bit elliptic curve key, winning Project Eleven’s 1 BTC Q-Day Prize.
The test does not threaten Bitcoin’s 256-bit security yet, but highlights growing urgency around post-quantum upgrades, with ~6.9M BTC sitting in addresses with exposed public keys.


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THIS IS BULLISH FOR CRYPTO
Kevin Warsh confirms that Crypto is part of the financial system.
Sen. Cynthia Lummis: "Do you believe that digital assets should be incorporated into our financial industry so Americans have new investment opportunities?"
Kevin Warsh: "Digital assets are already part of the fabric of our financial services industry in United States."
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Imagine if something like this happens for Bitcoin in 2026?

Kalshi Traders@KalshiTrade
BREAKING: 40% chance Bitcoin hits $100,000 this year 7% chance it happens before June
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BITCOIN DEVS PUSH “ACT NOW” PLAN ON QUANTUM THREAT
Director of MIT Media Lab @neha argues Bitcoin doesn’t need perfect answers to the quantum threat today.
Instead she proposes to ship a low-risk, high-impact fix now.
That means a soft fork introducing PQ-secure outputs, coordinating wallets and apps, and guiding users to migrate.
The goal is to give users a clear path to protect funds today, even if a CRQC emerges, while delaying harder tradeoffs until the threat is real.

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