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According to market analysis platform Bull Theory, advancements in quantum computing have reduced the ongoing concerns regarding the long-term security of Bitcoin (CRYPTO: BTC). However, no computer available today poses a significant risk to the network’s integrity.
‘Is Key Bottleneck Resolved?’
In a post on X, Bull Theory commented on the recent work by Alphabet Inc. (NASDAQ: GOOGL) and Google’s latest findings on addressing a “key bottleneck” in quantum technology, specifically “magic states,” which generally occupy about 95% of a quantum computer’s capacity.
Google announced that its innovative method lowers error rates by 40 times while reaching 99.9% accuracy, although it still requires confirmation through larger trials.
Will Bitcoin face threats due to Google’s quantum computing advancements?
In short: not at this moment. However, the gap is narrowing.
Google’s progress simplifies constructing one of the most complex components of quantum computers—referred to as “magic states.”
Breaking news… https://t.co/baf2qsMCZk— Bull Theory (@BullTheoryio) October 15, 2026
‘No Current Trouble for Bitcoin’
Bull Theory pointed out that a recent white paper from Google Quantum AI indicated that compromising Bitcoin’s security would require approximately 1,200 to 1,450 logical qubits—the essential information units in a quantum computer.
Furthermore, they noted that Google’s Willow chip announced in December 2024 consists of 105 qubits, while International Business Machines Corp. (NYSE:IBM) has reported 70 logical qubits, and QuEra Computing Inc. has carried out algorithms using up to 96 logical qubits.
Importantly, IBM’s roadmap suggests ambitions for 200 logical qubits by 2029 and reaching 2,000 by 2033.
“Currently, Bitcoin is not in jeopardy. No available technology comes close to this capability,” Bull Theory asserted. “Nonetheless, the distance is decreasing.”
Also Read:Bitcoin Wins Regardless of AI Developments, Claims Bitwise Executive: ‘All Paths Lead to Bitcoin’
Consensus in Prediction Markets
For Bitcoin, the realm of quantum computing presents a theoretical concern: the potential to derive private keys from public keys could occur within just nine minutes, according to Google, leading to unauthorized fund access.
Currently, an estimated 6.26 million BTC are stored in public addresses susceptible to quantum vulnerabilities. The community has yet to reach a decision on how to handle these assets.
As for Jameson Lopp, the co-founder and chief security officer at Casa, a self-custody platform, he informed Benzinga that it might take up to another decade before a quantum computer capable of decoding a Bitcoin public key to find its corresponding private key is developed.