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Willy Woo Reveals 7-Year Plan to Shield Bitcoin from Quantum Threats

Key Takeaways

  • ​Willy Woo advises Bitcoin holders to store their cryptocurrencies in SegWit wallets for seven years to avoid quantum-related risks;
  • SegWit addresses hide public keys, which offer temporary protection until quantum-safe upgrades are developed;
  • Experts expect no major quantum threat to Bitcoin before 2030, and new security standards are already in progress.

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Willy Woo Reveals 7-Year Plan to Shield Bitcoin from Quantum Threats

Willy Woo has shared an idea for keeping Bitcoin BTC $103,592.57 safe from possible future threats caused by quantum computers.

His solution is to move Bitcoin into SegWit wallets and leave it there for about seven years.

In a post on X, Woo described this as a temporary step. He explained that users could transfer their Bitcoin to a SegWit-compatible address and hold it there until a quantum-safe solution is developed.

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SegWit, short for Segregated Witness, is an upgrade to the Bitcoin network introduced on August 23, 2017. One key feature of SegWit is that it hides a user’s public key until the Bitcoin is sent.

He noted that newer address types, such as taproot, display the public key in the address, which makes them at risk as quantum computing advances. Woo said:

In the past, it was about protecting your PRIVATE KEY (your seed phrase). In the age of big scary quantum computers (BSQC) that are coming, you need to protect your PUBLIC KEY also.

He also mentioned that Bitcoin managed by exchange-traded funds (ETFs), company treasuries, or professional custodians could remain safe if those entities take proper precautions.

According to Woo, most experts agree that quantum computing will not pose a serious risk to Bitcoin until after 2030. He added that researchers are already working on new standards and updates to guard against these threats.

Recently, Woo shared his view that Strategy, led by Michael Saylor, is not at risk of selling its Bitcoin holdings during the next major market downturn. How? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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