Although still in its “infancy,” quantum computing could pose a threat to Bitcoin and other proof-of-work algorithms in the near future, according to Amit Mehra, a partner at Venture Capital Firm Borderless Capital.
When asked what’s next for borderless capital, Mehra, speaking to Cointelegraph at the Global Blockchain Congress Dubai 2025, said the company is “diving deep into quantum compute” and looking at how companies are developing quantum computing technology.
Mehra says that quantum computing will take until the end of the decade to develop. However, he said, people tend to underestimate the rapid evolution of technology:
“Given the recent advances that have occurred in chip technology, in compute tech, and in the power of doing computation in a decentralized way, this (quantum computing) is definitely a problem. If not soon (…) in the near future.”
Quantitative computing uses quantum principles physics To process information at a speed beyond today’s machines. While the technology is still evolving, it may be too late Break the encryption Protecting cryptocurrencies and other sensitive data, prompting developers to create new, Post-Quantum Security Standards.
Charles Edwards, founder of Bitcoin volume and Digital Asset Fund Carpriole, said the situation is more urgent and argued that the industry should use solutions as soon as possible before it is too late.
On October 15, he posted on X, “If Bitcoin doesn’t solve volume next year, gold will keep its growth forever.”
“This is an emergency and we have to choose a solution next year,” he wrote.
Related: Google announces Quantum Advantage, 13,000 times faster than supercomputers
Preparing for a mass threat
Mehra and Edwards aren’t the only ones concerned about quantum computing.
In July, Sui Research Unveiled A new cryptographic framework designed to protect blockchains from quantum computing threats – without the need for hard forks, new addresses or major resets.
But while the new solution works for SUI, near, Solana, Cosmos and other blockchain networks, it does not solve the problem for Bitcoin or Ethereum.
Meanwhile, the US government has been reported Investing in quantum computing is considered To protect national security interests.
An October report from Bloomberg said the US Department of Commerce could allocate funds to nascent tech to stay competitive with China.
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