Did Elon Musk Just Blow The Lid on Bitcoin’s Future: Here’s Why Quantum Computing Won’t Kill SHA-256

Elon Musk’s latest crypto provocation came via Grok, his custom AI bot. The question is: Can Bitcoin’s SHA-256 algorithm withstand quantum computing?

He posted it the same day IBM announced Blue Jay, a quantum platform that aims to achieve 2,000 qubits in under a decade. Microsoft and Google are also moving fast, with Majorana 1 and Willow closing the gap.

Elon Musk, Quantum Computing: Is SHA-256 Safu?

According to Grok, the odds of SHA-256 being cracked by a quantum computer in the near term remain extremely low:

“The chance remains close to zero over the next five years.” – Grok, xAI
“Even by 2035, the probability is still under 10%.” – Grok, xAI

The upshot is that BTC ▼-0.28% will be the most valuable piece of the pie. Quantum computing isn’t the kill shot you think it is.

The explanation centers around Grover’s algorithm, which theoretically reduces SHA-256 brute-force attacks from 2^256 to 2^128 operations. But even that remains computationally unfeasible without millions of fault-tolerant, error-corrected qubits, a goal that’s decades away.

The real quantum Achilles’ heel? It’s not SHA-256. It’s ECDSA, the algorithm used for Bitcoin’s private key signatures. If quantum computing progresses faster than expected, exposed public keys (such as those used in older or unspent wallets) could be vulnerable to theft.

IBM’s Blue Jay project is the latest in a string of quantum leaps from major tech firms. The system is projected to support more than 1 billion logical gate operations, a staggering leap beyond current capabilities.

A recent Deloitte report warned that up to 25% of existing Bitcoin could be vulnerable to future quantum attacks if post-quantum cryptography is not adopted in time.

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Elon Musk and Tesla’s Holdings and Motivation

This isn’t just abstract curiosity for Musk. Tesla holds approximately 11,500 BTC, which is worth about $1.3 billion. SpaceX owns an additional $850 million worth. Musk has also confirmed that Bitcoin is part of his portfolio.

“Yeah, I don’t know why so many people think SHA-256 is the problem… Grover’s algorithm only gives a quadratic advantage. If it becomes a problem, moving to SHA-512 is a relatively easy solution.” – Grok, xAI

Given those stakes, it makes sense that he’d want clarity on quantum threats, even if the danger remains years away.

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Final Thoughts: ECDSA, Not SHA, Is the Threat to Watch

Musk’s concern about SHA-256 reminds the crypto world that quantum resilience isn’t just about proof-of-work, but about securing the entire cryptographic stack.

Until then, BTC holders—and the developers behind the protocol—would do well to pay attention to the risks and not just scream “FUD, FUD, FUD!” every time.

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Key Takeaways

The clock is ticking on one of crypto’s longest legal dramas and the XRP price could be ready to rocket.
All eyes are on Powell this week. As inflation lingers and labor metrics soften.

The post Did Elon Musk Just Blow The Lid on Bitcoin’s Future: Here’s Why Quantum Computing Won’t Kill SHA-256 appeared first on 99Bitcoins.

Did Elon Musk Just Blow The Lid on Bitcoin’s Future: Here’s Why Quantum Computing Won’t Kill SHA-256