What to Know:
Kevin O’Leary warns that quantum computing risks are making institutions cautious about increasing their Bitcoin exposure beyond roughly 3%.
Institutions are concentrating allocations in Bitcoin and Ethereum after past market crashes wiped out many smaller cryptos.
Developers have introduced BIP 360, proposing new wallet address formats to strengthen Bitcoin’s resistance to potential quantum attacks.
Investor and shark tank personality Kevin O’Leary has raised concerns about the long-term security of Bitcoin, as he linked institutional hesitation to the emerging threat of ‘quantum computing’.
Bitcoin has recently seen another sharp correction, as it fell nearly 50% from its recent highs. The pullback has revived familiar volatility trends in the crypto market. But O’Leary argues that a more structural shift is coming up under these price movements.
Kevin O’Leary On Bitcoin and Quantum Computing
O’Leary said that institutional investors have
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