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Quantum computing poses a bigger threat to Bitcoin than Ethereum or Solana, warns Tom Lee.

Market News
06 Aug 2026
Benzinga
View Source
Neutral
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Tom Lee, chair of BitMine Immersion Technologies, highlighted that quantum computing could threaten Bitcoin more than Ethereum or Solana due to Bitcoin's lack of consensus on quantum resistance. Quantum computers might break Bitcoin's encryption in minutes, risking unauthorized access to funds. While Ethereum and Solana are developing protections, Bitcoin's community has yet to agree on solutions. Experts estimate a decade before quantum threats become practical, and major firms like Coinbase are preparing for potential risks, though many crypto leaders do not see an existential threat yet.

More News (BTC)

S&P 500 adds $2T this month while Bitcoin lags, held back by AI rally and crypto-specific issues.

S&P 500 adds $2T this month while Bitcoin lags, held back by AI rally and crypto-specific issues.

The S&P 500 has surged 3.12% this month, adding about $2.1 trillion in market value, nearly matching the entire crypto market's capitalization. Meanwhile, Bitcoin has only risen 2%, trading around $64,600, as it faces headwinds such as a stock rally ...

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4 hours ago
GSR raises Bitcoin share, cuts Ether as crypto trading slows and prices drop in 2026

GSR raises Bitcoin share, cuts Ether as crypto trading slows and prices drop in 2026

GSR adjusted its Core3 crypto portfolio by increasing Bitcoin allocation to 19.3% and reducing Ether to 44.1%, amid continued declines in Bitcoin, Ether, and Solana prices in 2026. The portfolio fell 57.78% over the past year, underperforming an equa...

Market News
Bearish
5 hours ago
GSR raises Bitcoin share in Core3 portfolio as market volatility eases in 2026

GSR raises Bitcoin share in Core3 portfolio as market volatility eases in 2026

GSR increased Bitcoin's allocation in its Core3 model portfolio to 19.3% on August 5, reducing Ether's share amid slower trading and lower volatility across Bitcoin, Ether, and Solana. Despite Bitcoin receiving the smallest weight, it outperformed Et...

Market News
Bearish
5 hours ago
Bitcoin steadies above $64,000 as $101B SpaceX stock unlocks and AI trade wobbles.

Bitcoin steadies above $64,000 as $101B SpaceX stock unlocks and AI trade wobbles.

Bitcoin held steady above $64,600, supported by buyers after a recent dip, while other major cryptocurrencies showed mixed performance. The market's attention is also on SpaceX, where $101 billion worth of stock becomes tradable as the first lockup e...

Market News
Neutral
6 hours ago
XRP whales quietly buy dips while Ether trades below cost, signaling deeper market capitulation.

XRP whales quietly buy dips while Ether trades below cost, signaling deeper market capitulation.

Large XRP holders have been steadily buying during the token's price drop from $2.40 to around $1.00-$1.20, indicating quiet accumulation rather than panic selling or a breakout. Meanwhile, Ether is trading below its realized price of about $2,450, c...

Technical Signals
Neutral
6 hours ago
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