Will Quantum Computers Destroy Bitcoin?

We have all seen the articles saying a new quantum computer is going to hack Bitcoin and crash the price to zero. Let's take a breath and look at the facts without the hype. Here is what is actually going on

What is the threat?

Normal computers would take billions of years to guess your Bitcoin private key. Quantum computers are different. They can theoretically try all possible passwords at the exact same time. If they get powerful enough, they could crack open a wallet in hours.

Who is actually at risk?

A quantum computer can only hack your wallet if it knows your public key.

• You are mostly safe: Modern Bitcoin wallets hide your public key until the exact moment you send money.
• Satoshi is at risk: In the very early days of Bitcoin, public keys were left completely out in the open. This means Satoshi Nakamoto has over a million Bitcoin sitting in plain sight, along with millions of other early lost coins.

How do we fix it?

Do not panic. Today quantum computers are basically clumsy prototypes. Experts agree we are still 10 to 15 years away from them being a real danger to crypto.

Long before that happens, Bitcoin developers will upgrade the network with new math that quantum computers cannot beat. When that update drops, all you will have to do is create a new updated wallet and send your Bitcoin to yourself.

The real problem we need to discuss: What happens to Satoshi's coins and all the lost wallets? The people who own them lost their keys years ago, so they cannot move their Bitcoin to the new safe wallets.

If quantum hackers eventually steal those old coins and dump them on the market, it could crash the price. Should the Bitcoin network freeze those ancient lost wallets forever to protect the market? Or does that go against the whole point of Bitcoin? Let me know what you guys think!