Quantum Computing Threat to Bitcoin: Google Research Highlights Accelerated Risks

Recent advancements in quantum computing, as revealed by Google researcher Craig Gidney, have raised concerns about the security of Bitcoin’s cryptographic foundations. The hardware needed to crack 2048-bit RSA encryption—similar to Bitcoin’s security—has seen a dramatic reduction from 20 million to under 1 million noisy qubits, a 95% improvement. While practical implementation of such quantum attacks is still estimated to be a decade away, the accelerated progress underscores potential vulnerabilities in Bitcoin’s encryption. As of May 27, 2025, Bitcoin’s price stands at 109,596.79 USDT, reflecting market stability amid these theoretical threats. This development calls for increased vigilance and potential upgrades to cryptographic protocols to safeguard the future of digital assets.

Google Research Suggests Quantum Threat to Bitcoin Encryption May Arrive Sooner Than Expected

Bitcoin’s cryptographic foundations face renewed scrutiny as Google quantum researcher Craig Gidney reveals dramatic improvements in quantum computing efficiency. The hardware required to crack 2048-bit RSA encryption—mathematically analogous to Bitcoin’s security—has dropped from 20 million to under 1 million noisy qubits, a 95% reduction.

While practical implementation remains a decade away, the accelerated timeline stems from refined quantum algorithms. Gidney notes attacks WOULD still require several days of computation rather than hours, but the lowered barrier represents a paradigm shift in assessing cryptoasset vulnerabilities.

The findings inject urgency into post-quantum cryptography development across blockchain projects. Bitcoin’s proof-of-work mechanism may face existential threats long before its 2140 supply cap if quantum supremacy arrives ahead of schedule.

Cantor’s Bitcoin Financing Business Launches with $2B Capacity

Cantor Fitzgerald’s Bitcoin financing division has commenced operations, marking a significant step in institutional crypto adoption. The firm announced its first transactions, including a Bitcoin-backed facility with Maple Finance that enables expanded digital asset credit services.

"This financing facility through Cantor accelerates Maple’s growth as a digital asset credit provider," said Maple CEO Sidney Powell. The deal represents a watershed moment for institutional cryptocurrency utilization.

Cantor plans to deploy $2 billion in financing capacity during its initial phase. "Bitcoin holders seek diversified funding sources, and we’re positioned to support their liquidity needs for long-term growth," noted Christian Wall of Cantor.

Gemini Report Highlights Global Crypto Adoption Surge, Memecoins as Entry Point

Cryptocurrency ownership rates are climbing globally, with Singapore leading at 28% adoption—a 2% year-over-year increase—followed closely by the UK at 24%, up from 18%. Gemini’s State of crypto Report underscores the sector’s accelerating mainstream appeal.

The launch of spot bitcoin ETFs in the US has reverberated internationally, with 23% of American non-owners citing the products as a confidence booster. Similar sentiment emerged in the UK (21%) and Singapore (19%), suggesting regulatory progress acts as a psychological catalyst for prospective investors.

Memecoins are positioned as gateway assets, lowering barriers to entry for newcomers. ’They serve as an onramp,’ the report notes, acknowledging their role in demystifying crypto through cultural relevance despite volatility concerns.

Cantor Launches $2B Bitcoin Lending Facility with FalconX and Maple as First Clients

Wall Street investment bank Cantor Fitzgerald has executed its inaugural Bitcoin-backed lending transactions, marking the operational launch of a $2 billion credit facility aimed at institutional crypto holders. The program’s first beneficiaries include digital asset prime brokerage FalconX and decentralized credit platform Maple Finance, which manages $1.8 billion in assets.

The initiative, announced in July, addresses growing demand for liquidity solutions among Bitcoin investors. "Institutions holding bitcoin require diversified funding channels," said Christian Wall, Cantor’s co-CEO and global head of fixed income. The platform provides traditional financial infrastructure to support long-term crypto market growth.

Is It Too Late To Buy Bitcoin?

Bitcoin’s surge to historic price levels has reignited the debate over its investment potential. Bulls argue the rally is just beginning, while skeptics warn of late-cycle risks. The divide reflects deeper tensions in crypto’s maturation—growing institutional adoption clashes with lingering distrust among traditional finance leaders.

JPMorgan’s Jamie Dimon embodies this contradiction. His bank now offers Bitcoin access to clients, yet he personally maintains skepticism. Such dissonance highlights the asset class’ transitional phase: Wall Street can no longer ignore crypto, but full acceptance remains elusive.

U.S. markets show accelerating institutionalization, with spot ETFs and regulated derivatives gaining traction. This infrastructure buildout suggests Bitcoin is transitioning from speculative asset to mainstream holding—though volatility persists. The real question isn’t timing the market, but whether one believes in crypto’s long-term role in global finance.