The newly elected President of the United States, Donald Trump, promised during his campaign to establish a strategic reserve of Bitcoin held by the U.S. government. However, breakthroughs in quantum computing technology make the fate of cryptocurrencies like Bitcoin seem uncertain. According to a report by The Wall Street Journal on the 23rd, some are concerned that the ongoing development of quantum computing might enable hackers to crack the encryption technology that secures Bitcoin, thereby stealing it. The report cites researchers who say that quantum computing devices capable of breaking Bitcoin's encryption may take ten years or more to develop, but the advancement of quantum computing poses a long-term risk to Bitcoin unless Bitcoin developers upgrade the encryption technology. However, cryptocurrency professionals believe that upgrading Bitcoin's encryption technology will take years. Given the decentralized nature of Bitcoin, upgrading the encryption technology requires a broad consensus among global 'crypto community' maintainers. The Wall Street Journal cites analysts who say that if hackers launch an attack on Bitcoin using quantum technology, it will affect traditional financial markets. (Xinhua News Agency)

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