Elon Musk’s Grok Suggests Bitcoin’s Security May Remain Robust Despite Quantum Computing Advances
Main Idea
Bitcoin’s SHA-256 encryption is currently secure against quantum computing threats, with less than a 10% chance of being cracked by 2035, according to Grok AI's analysis. Tesla and SpaceX hold significant Bitcoin assets, reflecting Elon Musk's confidence in cryptocurrency.
Key Points
1. Grok AI's analysis indicates Bitcoin’s SHA-256 encryption has a near-zero risk of being compromised by quantum computers in the next five years, with less than a 10% chance by 2035.
2. IBM plans to develop a quantum computer with 2,000 qubits by 2033, but current systems with ~1,000 noisy qubits are insufficient to break Bitcoin’s cryptography.
3. Tesla holds 11,509 Bitcoins worth $1.31 billion, and SpaceX owns Bitcoin assets valued at approximately $850 million.
4. Elon Musk has publicly confirmed his personal Bitcoin investments, reinforcing his confidence in cryptocurrency.
5. Experts and Grok AI affirm that Bitcoin’s cryptographic security remains robust against evolving quantum computing threats.
Description
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