Crypto

Can Quantum Computers Break Bitcoin? Coinbase's October 2026 Warning Explained

Loser Buddy

01

No quantum computer today can break Bitcoin - but Coinbase says the fix needs to start years before one can.

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On October 13, 2026, Coinbase published a proposal pushing Bitcoin to begin a multi-year migration to quantum-resistant signatures.

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Glassnode estimates 6.26 million BTC, about 31.2 percent of all bitcoin, sit in addresses with exposed public keys.

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Project Eleven's higher estimate puts the exposed figure near 7.1 million BTC, including old Satoshi-era coins.

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The risk is to digital signatures, not mining - proof-of-work stays safe from quantum attacks for decades.

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Coinbase backs BIP-360 and P2TRv2 as building blocks, plus hybrid wallets that work with both old and new keys.

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Nothing has been adopted. This is a proposal for discussion, not an approved Bitcoin upgrade.

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For now: don't reuse Bitcoin addresses, and don't panic - but don't expect this debate to go away either.

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