Quantum computing could one day unlock dormant Bitcoin wallets, but it poses no immediate threat to Bitcoin’s cryptographic security, at least according to Tether CEO Paolo Ardoino.

In his post, Ardoino claimed that bitcoins in lost wallets, including those of Satoshi Nakamoto, could be accessed using quantum computing. Ardoino cites a major wallet security concern: quantum computers can derive private keys from public keys exposed during transactions, making online and offline wallets vulnerable to attack. This means that assets are not protected even in cold storage.

In this case, the potential scenario of Satoshi’s BTC and other lost bitcoins entering circulation would rightly cause a wave of concern, as the return of Satoshi Nakamoto’s assets — estimated at around 1 million BTC — could destabilize the market.

However, blockchains are actively developing and adopting measures such as quantum-resistant signatures and countermeasure algorithms.

Bitcoin and most cryptocurrencies rely on Elliptic Curve Cryptography (ECC) to secure transactions and wallets. But quantum computers work through algorithms such as Shor's algorithm, which can theoretically reverse private keys from public keys, allowing unauthorized access to funds.

Additionally, since quantum computers can solve cryptographic problems much faster and more efficiently than classic ASICs and other systems, mining power and distribution can be concentrated in the hands of a few.

Although quantum computing is advancing at an incredible rate, Ardoino and industry and technology experts point out that it will take about five to ten years for it to become powerful enough to damage the cryptographic security of Bitcoin and cryptocurrencies.

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