Below is a chart that shows how the composition of the Bitcoin supply has changed in terms of these two
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As is visible in the graph, a major part of the Bitcoin supply was structurally unsafe during the cryptocurrency’s early years.
Key facts
Meanwhile, the structurally unsafe supply is made up of 1.92 million BTC, while the safe one includes 13.99 million BTC
At the time of writing, Bitcoin is floating around $77,000, down more than 3% in the last seven days
Based on this criteria, the analytics firm has estimated 6.04 million tokens to be vulnerable to potential Quantum Computing attacks
In pure numbers, the operationally unsafe supply includes about 4.12 million BTC right now, as the below chart shows
Summary
Analytics firm Glassnode has broken down how much of the Bitcoin supply is at risk due to Quantum Computing and what its composition looks like. In a new X article, Glassnode has talked about the part of the Bitcoin supply in circulation that’s exposed to the risk posed by Quantum Computing. While Quantum Computing is something that has been “upcoming” for years now, the technology has made some advancements recently that has made many in the digital asset industry talk about its possible consequences for the sector. For Bitcoin, the main threat from Quantum Computing involves the supply that’s sitting in vulnerable wallets. Based on this criteria, the analytics firm has estimated 6.04 million tokens to be vulnerable to potential Quantum Computing attacks.