Swan Bitcoin founder Cory Klippsten argues that AI, specifically large language models that hackers use to probe security weaknesses, is a more immediate threat to Bitcoin than quantum computing. He estimates that quantum computers capable of breaking Bitcoin's cryptography are at least a decade away, and says the network could add quantum-resistant protections if the threat becomes credible, though rushing them now would add unnecessary complexity. He also suggests some crypto startups and investors have used quantum fears to attract funding. The comments come as Brazil's Mercado Bitcoin suspended deposits and withdrawals on Monday after a security incident, with researchers estimating more than $46 million left its wallets, and days after Binance lost $6.3 billion in an Oct. 29 hack that the FBI attributed to North Korean hackers.
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/01/2026 | 78,354.00 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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