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Muneeb Ali says quantum fears are already holding back Bitcoin investment

The Stacks founder says Bitcoin needs a credible quantum-resistance roadmap by 2028, as Ripple wins a US trust bank charter and USDC overtakes USDt in euro trading.

Why it matters: The article reports that doubts over Bitcoin's long-term security could complicate the investment case for institutions using it as a hedge against currency debasement.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: Muneeb Ali says quantum fears are already holding back Bitcoin investment
Image: Cointelegraph
Original reporting: Sam Bourgi, Cointelegraph

Key points

  • Muneeb Ali says Bitcoin should show meaningful progress toward quantum resistance by 2028, with 2030 as the target for completing the shift.
  • Kaiko data shows USDC now handles 56% of euro stablecoin trading, up from 10% in January 2024.

Quantum computing fears are already limiting Bitcoin's growth, according to Stacks founder Muneeb Ali, who told Cointelegraph's Chain Reaction podcast that the network needs a credible plan for quantum-resistant security.

Ali argued that uncertainty alone can deter institutional investors, even while US spot Bitcoin ETFs hold more than $104bn in net assets, according to BitBo data. He said implementing changes could take years, after which holders would need time to move their coins to quantum-resistant addresses.

The bank will manage reserves for the RLUSD stablecoin, act as collateral trustee and provide custody, while RLUSD stays with Standard Custody & Trust Company under New York supervision. Circle won similar final approval in July, while Coinbase, Crypto.com and Bridge remain conditional.

VanEck also launched an actively managed ETF targeting a 2% Bitcoin allocation through a spot exchange-traded product.

What to watch: Bitcoin developers face Ali's 2028 marker for meaningful progress toward quantum resistance, with 2030 set as the target for completing the transition.

Read the full story on Cointelegraph

Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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