Billionaire and Social Capital founder Chamath Palihapitiya posted on X: 'Quantum computing will pose a risk to v1 encryption methods. The timeframe is very unclear and not in the near term. But if I owned a lot of BTC, my risk posture would be to assume it could happen and plan accordingly.'
Now, any potential risks to Bitcoin can be addressed through forks, which deploy quantum-resistant cryptography for new transactions. That is to say, this cannot retroactively protect already exposed, un-migrated public keys. Funds in old p2pk addresses (dead accounts?) with exposed public keys will still be vulnerable to quantum computing attacks targeting ECDSA and will become a target.
