Quantum computing presents threat to all crypto currencies, digital assets and passwords: ‘industry is scrambling’

Artificial intelligence’s incredible ability to solve complicated problems could help unravel the security underpinning much of the cryptocurrency industry by accelerating the development of super-advanced quantum computers capable of cracking its defenses.

“My bet is that quantum computers will happen sooner than people expect and will happen before AGI,” Pruden said.

“A quantum computer is actually a very specific thing.

Some crypto insiders attribute part of the recent decline in digital-asset prices — despite a friendlier regulatory environment — to investors pricing in the risk that quantum computers could crack the industry’s defenses.

“The question is what do we do about it,” said Nic Carter, partner at the crypto investment firm Castle Island Ventures.