OneKey Founder: "Google's 2029 deadline" is only an internal migration target and has no direct relation to when Bitcoin will be broken by quantum computing.

MeNews · 2026-04-04T02:27:48+00:00

ME News reports that on April 1 (UTC+8), Yishi, the founder of OneKey, tweeted that the so-called "Google 2029 deadline" is only an internal migration target and has no direct relation to when Bitcoin might be broken by quantum computing. Linking the two is misleading. Yishi stated that the claim that "6.26M BTC are at risk" is inaccurate; only early P2PK addresses that have long-term exposed public keys pose a risk. Standard addresses that are not reused do not expose public keys, so including all addresses in the risk assessment is an exaggeration. Additionally, he emphasized that Bitcoin uses signatures rather than encryption, so there is no "pre-storage and then break" attack path. Currently, quantum devices only have a few thousand noisy qubits, making decryption infeasible.

MeNews

2026-04-04 02:27:48

ME News update, April 1 (UTC+8), OneKey founder Yishi posted on X, saying that the so-called “Google 2029 deadline” is only its internal migration goal and has no direct connection to when Bitcoin will be broken by quantum computing—tying the two together is misleading. Yishi said the claim that “6.26 million BTC are at risk” is inaccurate. Only early P2PK addresses that have had their public keys exposed for a long time face risk. Standard addresses will not expose public keys if they are not reused, and counting all addresses as being at risk is an exaggeration. He also emphasized that Bitcoin uses signatures rather than encryption, so there is no attack path of “store first, break later.” He said that while the quantum threat is real, it is not imminent; the Bitcoin community has already been advancing post-quantum cryptography solutions, so there is no need for panic-inducing portrayals. (Source: PANews)

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