Tether CEO Paolo Ardoino has suggested that future advancements in quantum computing could make it possible to recover Bitcoin that has been lost, including holdings attributed to Bitcoin’s pseudonymous creator, Satoshi Nakamoto, should the creator be deceased. However, Ardoino reassured that, at present, Bitcoin’s cryptographic security remains unaffected by quantum computing developments.
Potential Security Upgrades in Bitcoin’s Protocol
In a recent tweet, Ardoino envisioned a scenario where Bitcoin’s protocol would be upgraded to include quantum-resistant addresses before quantum computing advancements pose a genuine security risk. Such an upgrade would enable active Bitcoin users to transfer their assets into quantum-safe addresses, preventing unauthorized access.
Nonetheless, Bitcoin held in wallets that are currently inaccessible, such as those associated with Satoshi Nakamoto, could be at risk of being accessed through quantum computing breakthroughs. This potential vulnerability led to further discussion within the crypto community about the best approach to take in response to quantum computing’s evolution.
Patrick Lowry, CEO of Samara Asset Group, responded to Ardoino’s remarks by proposing an alternative solution: a quantum-resistant Bitcoin fork. This approach, he suggested, could bypass the issue by leaving lost wallets and Satoshi’s holdings behind while creating a more secure blockchain environment. Lowry also acknowledged that the implications of both approaches remain uncertain.
Despite these speculative possibilities, Ardoino emphasized that Bitcoin’s fundamental principles remain intact. He reassured that even with the potential impact of quantum computing, Bitcoin’s fixed supply cap of 21 million coins would remain unchanged. “Bitcoin is the best asset in the world,” he asserted, reinforcing his confidence in its long-term stability.
TETHER CEO, Paolo Ardoino says quantum computing could revolutionize #Bitcoin by bringing 'lost' $BTC back into circulation.
Imagine the impact on the market if inaccessible or forgotten coins suddenly reappear! pic.twitter.com/fzfHRwHwmg
— Paweł Łaskarzewski ✈️ Consensus HK 🇭🇰 (@PawelSynapse) February 10, 2025
Tether’s Expansion in Global Finance
This discussion takes place as Tether continues its efforts to expand global financial infrastructure. During the PlanB Forum held in El Salvador, Ardoino spoke about Tether’s decade-long development of what he described as “one of the widest digital and physical distribution networks in history.” Through its USDT stablecoin, the company currently serves around 400 million users in emerging markets.
Ardoino underscored Tether’s strategy of building partnerships over seeking capital investment. He highlighted the company’s extensive network, which includes hundreds of thousands of partners and a vast deployment of kiosks across developing nations. Tether’s overarching goal is to provide financial services to billions of people who lack access to traditional banking while simultaneously supporting the U.S. economy through Treasury purchases.
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