Quantum computing has become one of those recurring headlines in crypto, usually accompanied by dramatic predictions that Bitcoin will be cracked overnight. The latest round of panic followed renewed discussion around IBM’s updated roadmap and fresh analysis from the Human Rights Foundation (HRF). It is easy to see why: the language is stark and the numbers look big. But as always, the real picture is more nuanced.
This note walks through what the actual vulnerabilities are, what the HRF study really says, and how close quantum computers truly are to posing a threat.
