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Ex-Google engineer warns Bitcoin faces security risks from quantum computing and miner incentives.

Market News
11 Jul 2026
Bitcoin
View Source
Bearish
Ex-Google engineer warns Bitcoin faces security risks from quantum computing and miner incentives.

Patrick Shyu, a former engineer at Meta and Google, warns that Bitcoin is threatened by two major issues: the decline of miner incentives as new coin rewards diminish and the potential future risk from quantum computing breaking Bitcoin's cryptography. He sold his Bitcoin after a 50% price crash, citing excessive leverage and concerns over Bitcoin's long-term security. Developers are exploring quantum-resistant upgrades, but the next Bitcoin halving in 2028 could intensify miner revenue challenges, potentially weakening network security if fees don't compensate.

More News (BTC)

Binance Bitcoin outflows hit 3-year high with $3.3B withdrawn, signaling bullish whale accumulation.

Binance Bitcoin outflows hit 3-year high with $3.3B withdrawn, signaling bullish whale accumulation.

Binance has experienced the largest Bitcoin outflows in three years, with around 40,000 BTC worth $3.3 billion withdrawn over two weeks. This surge in withdrawals is driven by large holders (whales) accumulating Bitcoin off the exchange despite price...

Market News
Bullish
4 hours ago
Strategy's $20.9B Q3 bitcoin gain beats Meta but 2026 still $1.87B down overall

Strategy's $20.9B Q3 bitcoin gain beats Meta but 2026 still $1.87B down overall

Strategy reported a $20.91 billion gain on its bitcoin holdings in Q3 2026, surpassing Meta's $19 billion quarterly operating income. However, losses of $14.46 billion and $8.32 billion in Q1 and Q2 leave the company about $1.87 billion underwater on...

Market News
Bullish
5 hours ago
Rising bond volatility signals potential market stress despite calm in bitcoin and stocks.

Rising bond volatility signals potential market stress despite calm in bitcoin and stocks.

The MOVE index, which measures bond market volatility, has surged recently, indicating rising uncertainty in U.S. Treasury yields. This increase often precedes volatility in stocks and bitcoin, which remain calm for now. Higher bond volatility can ti...

Market News
Neutral
5 hours ago
Bernstein predicts Bitcoin will hit $125K by end of 2026 amid rising institutional interest.

Bernstein predicts Bitcoin will hit $125K by end of 2026 amid rising institutional interest.

Bernstein research forecasts Bitcoin to reach $125,000 by the end of 2026 and $150,000 by mid-2027, driven by growing institutional ownership and increased ETF demand. Despite Bitcoin currently trading about one-third below its October 2025 peak, rec...

Analyst Insights
Bullish
6 hours ago
Bitcoin price dips below $86K after failing to break $87K, with ETF outflows and key support at $83K-$85K tested.

Bitcoin price dips below $86K after failing to break $87K, with ETF outflows and key support at $83K-$85K tested.

Bitcoin's price slipped back toward $85,500 on October 6 after multiple failed attempts to break above $87,000, leaving the market about 32% below its all-time high from one year ago. The key support zone between $83,300 and $84,600, where significan...

Market News
Neutral
7 hours ago
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