The CEO of River, Alexander Leishman, has stated that while quantum computing poses a threat to Bitcoin's security, banks have multiple defenses in place to prevent a widespread collapse. Leishman argues that Bitcoin is at greater risk than traditional banking systems because the security of Bitcoin funds depends entirely on the private key, whereas banks have additional security layers such as IP whitelists and symmetric password authentication. While quantum computing poses a potential threat to Bitcoin, recent developments suggest that quantum computing may be closer than previously thought, with companies like Microsoft, Google, and IBM predicting large-scale quantum computers could be up and running by 2033.



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