Former White House communications director and SkyBridge Capital founder Anthony Scaramucci highlighted Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, warning about quantum computing posing risks to cryptocurrency.
Crypto Leaders Respond To Quantum Computing Threats
In a post on X, Scaramucci shared a video and commented on Google’s March 2026 report, “Safeguarding cryptocurrency by disclosing quantum vulnerabilities responsibly.”
The report warned that quantum computers could potentially break the cryptography securing Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and most public blockchains sooner than previously expected.
Novogratz Confident In Industry Adaptation
Crypto investor Mike Novogratz responded to Scaramucci’s question, saying that while the threat is real, the industry is prepared.
“The real case is convincing the Bitcoin core developers that there’s the path forward and we all should go on it because it’s existential for Bitcoin,” Novogratz said.
He added, “People aren’t stupid — you’re going to have quantum-resistant changes made to the code as this comes. I think there’s more hoopla around this than needed.”
Why Quantum Computing Poses A Risk
Google researchers highlighted a structural challenge: banks can quietly upgrade cryptography, whereas public blockchains must maintain transparency, immutability, and social consensus, making upgrades more complex.
Many blockchain systems rely on elliptic curve signatures, which are theoretically vulnerable to quantum attacks, though current technology isn’t yet capable of executing them.
Post-Quantum Cryptography Is the Path Forward
The report recommends transitioning to post-quantum cryptography (PQC), which is designed to withstand quantum attacks.
Experts say proactive upgrades are critical as cryptocurrency adoption grows among institutional investors, ensuring blockchain security before quantum computing becomes a practical threat.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: KateStock / Shutterstock
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