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Vietnam has legalized cryptocurrencies via the passage of a new bill into law in a bold embrace of digitization. Apart from giving the nod to Bitcoin, the new law will lay the foundation for digital innovation across the Southeast Asian country. Vietnam Recognizes Bitcoin In Historic Move The National Assembly of Vietnam has passed the
The post Vietnam Recognizes Bitcoin And Other Assets With New Legislation appeared first on CoinGape.
Recent breakthroughs in quantum computing have raised alarms for Bitcoin investors, prompting fears of a potential market collapse. But would a quantum computing leap actually send Bitcoin’s price spiraling to zero?
By mid-2025, the nearest realistic timeline to a threat remains 2030–2035. Around that time, we might see a wave of specialized machines, cloud services, and new operating-software layers. However, you won’t see desktop quantum machines any more than you see classical supercomputers in your living room.
Quantum computing has advanced significantly by June 2025. Google’s new 105-qubit Willow processor and Microsoft’s Majorana 1 chip demonstrate significant progress towards stable quantum computing.
Yet, despite these leaps, quantum computers capable of cracking Bitcoin’s cryptography remain years away.
Experts estimate that quantum systems must reach around 1,500 to 3,000 stable, error-corrected qubits to pose a direct threat to Bitcoin security.
Now, quantum computers work differently from today’s classical computers. They’re not just faster but can solve certain complex problems—like cryptographic puzzles—almost instantly.
Concerningly, Bitcoin, like most cryptocurrencies, relies heavily on cryptography to secure transactions and wallets.
So, if a quantum breakthrough happened suddenly, Bitcoin addresses using older encryption methods would be instantly vulnerable. This also includes Satoshi Nakamoto’s dormant wallet with nearly 1.1 million BTC.
Approximately 25% of all Bitcoin resides in reused addresses. That would leave billions of dollars potentially exposed.
In the short term, this scenario would trigger panic selling. Extreme panic might even see Bitcoin’s price plummet by as much as 30% to 50% within days.
However, this wouldn’t necessarily mean Bitcoin hits zero. Developers would likely respond quickly by upgrading the network to quantum-resistant cryptographic standards.
This emergency response could involve migrating to newer, secure addresses and implementing quantum-safe encryption methods.
Transitioning to quantum-resistant technology isn’t straightforward. It requires substantial coordination across miners, exchanges, and wallet providers.
Still, Bitcoin’s decentralized nature gives it flexibility, enabling the community to swiftly roll out necessary updates.
Longer-term recovery depends on the crypto community’s agility. If successfully upgraded, Bitcoin’s value could stabilize and recover from initial shocks, preserving investor confidence.
So, quantum computing threats, though real, aren’t immediate.
Most importantly, experts project a realistic quantum threat timeline around 2030–2035. It gives the crypto community crucial time to plan and implement protective measures.
In short, while a quantum computing breakthrough tomorrow would seriously disrupt Bitcoin’s market temporarily, it’s unlikely to wipe out its value completely.
The post Will Bitcoin Price Drop to Zero If Quantum Breakthrough Happens Tomorrow? appeared first on BeInCrypto.
This week kicked off on a positive note for Bitcoin ETFs, as institutional investors are making a strong comeback. On Monday, Bitcoin ETFs recorded over $380 million in net inflows, marking their largest single-day inflow since January 30.
The spike in capital inflow signals a renewed wave of institutional confidence in the leading coin, following an extended period of subdued activity in the ETF market.
On Monday, net inflows in BTC ETFs totaled $381.40 million. The last time Bitcoin ETFs saw such a substantial injection of funds in a single day was nearly 13 weeks ago, making this latest surge notable.
The influx of capital reflects a resurgence in bullish bias among institutional investors toward BTC, at a time when broader sentiment has remained relatively cautious.
Yesterday, Ark Invest and 21Shares’ ETF ARKB recorded the largest daily net inflow, totaling $116.13 million, bringing its total cumulative net inflows to $2.60 billion.
Fidelity’s ETF FBTC came in second place with a net inflow of $87.61 million. The ETF’s total historical net inflows now stand at $11.37 billion.
BTC has recorded a modest 1% gain over the past 24 hours. This price surge has prompted an uptick in the count of new open contracts in the coin’s futures market, reflected by its rising futures open interest. At press time, this is at $58.46 billion, climbing 5% over the past day.
An asset’s open interest measures its total number of outstanding derivative contracts, such as futures or options that have not been settled or closed.
When BTC’s open interest rises along with its price, it indicates that more traders are entering the market, either opening new long or short positions. This is a bullish signal confirming growing investor interest in the king coin.
Further, BTC’s funding rate is positive at press time, highlighting the market’s confidence in its future price performance. This currently stands at 0.0068%.
When an asset’s funding rate is positive like this, long traders pay short traders. This means that more traders are betting on BTC’s going up, reflecting bullish market sentiment.
Moreover, today’s high demand for calls in the BTC options market supports this bullish outlook. According to Deribit, BTC’s put-to-call ratio is currently at 0.71.
This indicates that more call options are traded than puts, suggesting a bullish bias among options traders. This low ratio reflects growing investor confidence and expectations of upward price movement.
The post Bitcoin ETFs See Biggest Net Inflows in 3 Months | ETF News appeared first on BeInCrypto.
As the US economy and the crypto market face a severe downturn, Treasury Secretary Scott Bessent calls for an interest rate cut by the Federal Reserve. Pointing to falling bond yields and a decline in inflation from 2.8% to 2.4%, the Treasury Secretary drew the Fed’s attention to the immediate need for action.
If the Fed acts on Bessent’s recommendation and cuts interest rates, it could spark a bullish run in the crypto market. Polymarket odds suggest a 46% chance of a 25bps rate cut, with a 48% chance of no change.
According to a recent Reuters report, US Treasury Secretary Scott Bessent has called on the Federal Reserve to lessen interest rates in response to deteriorating economic conditions. Commenting on the matter, Scott Bessent stated, “We’re seeing that two-year rates are now below fed funds rates, so that’s a market signal that they think the Fed should be cutting.”
At the same time, the crypto market has also seen a severe downturn, with top cryptocurrencies like Bitcoin struggling to maintain momentum. However, the Fed’s potential dovish stance could result in a significant uptrend in the crypto market.
Reportedly, the US economy has shrunk significantly for the first time in three years, driven by President Donald Trump’s tariff announcements. Recent reports reveal that the US economy declined by about 0.3%, reversing the initial surge seen at the onset of 2025. Given the strong growth in the beginning, experts see this collapse as a surprising development.
The two-year Treasury bond yield, a key indicator of short-term government borrowing costs, has dropped to 3.59%, significantly below the Fed’s current interest rate range of 4.25%-4.5%. The inflation rate, measured by the PCE Price Index, decreased to 2.3% in March from the previous month’s 2.5%. The value increased by 2.6% year-over-year, down from February’s 3%.
Considering the crypto market, top assets traded in red for days following Trump’s tariff decisions. Though Trump’s threat to fire Fed Chair Jerome Powell sparked controversy, his urge for an interest rate reduction invoked optimism.
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