Willy Woo states that if a quantum attack occurs, Bitcoin OG will buy into Satoshi's BTC reserves.

BTC-0,27%

Golden Finance reports that on Saturday, social media discussions centered around the potential impact of quantum computers on Satoshi Nakamoto’s Bitcoin holdings. If a quantum computer successfully cracks Satoshi’s wallet and dumps these Bitcoins onto the market, it could cause significant market disruption.
The discussion was sparked by a Bitcoin price chart shared by YouTuber Josh Otten, which showed BTC price plunging to $3. He stated that if a sufficiently powerful quantum computer were to steal approximately 1 million BTC from this anonymous Bitcoin founder and sell them, such a scenario is not impossible.
In response, long-term Bitcoin holder Willy Woo said, “Many OGs would choose to buy during such a flash crash. The Bitcoin network would continue to survive; most Bitcoins would not be immediately threatened.”

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

ETH/BTC Ratio Locks Into Tight Range – Why the 0.03 Level Is the Key to Ethereum’s Next Big Move

The ETH/BTC ratio indicates ongoing hype in altcoin season and the continuing march of Bitcoin to new heights. Ethereum and Bitcoin are moving closely together than they have before (with little distance between them) as indicated by the ETH/BTC ratio reaching some of the tightest historical

BlockChainReporter22m ago

Bitcoin spot ETF saw a net outflow of $349 million yesterday, with none of the twelve ETFs experiencing net inflows.

On March 7th, Bitcoin spot ETFs experienced a total net outflow of $349 million, with none of the twelve ETFs showing net inflows. Fidelity FBTC and BlackRock IBIT had net outflows of $159 million and $143 million respectively. Currently, the total net asset value of Bitcoin spot ETFs is $87.075 billion.

GateNews1h ago
Comment
0/400
No comments