BlackRock's Recent Bitcoin ETF Filing Has Brought On a Talking Point

This risk disclosure by the institutional giant comes as Bitcoin trades robustly, recently surging past $105,000

In a filing for a spot Bitcoin ETF, institutional asset manager BlackRock (NYSE:BLK) has listed quantum computing as a potential risk to the long-term security of the world’s leading cryptocurrency.

This risk disclosure by the institutional giant comes as Bitcoin (BTC) trades robustly, recently surging past $105,000 before a slight correction to around $103,000, well above the $100,000 milestone.

The BlackRock note has also brought industry-wide discussions about the cryptographic threat posed by quantum technology to foundational systems like Bitcoin’s wallet architecture and signature algorithms.

BlackRock’s Quantum Risk Filing: A Mainstream Finance First

BlackRock’s mention of quantum computing in its Bitcoin ETF filing is undoubtedly a first in mainstream finance.

On paper, it sounds alarming: if quantum computers reach sufficient scale and fault-tolerance, they could break the elliptic curve cryptography (ECC) used by Bitcoin’s secp256k1 algorithm, potentially exposing millions—or billions—of dollars’ worth of assets to theft.

Now, the context is critical. According to crypto technologist Shanaka Anslem Perera:

“Large-scale, fault-tolerant QCs that could crack secp256k1 are decades away… This is not a fire alarm but a checkbox exercise required by the SEC.”

Quantum Threat to Bitcoin: Assessing the Reality vs. The Filing

This assessment that the quantum computing threat to Bitcoin is distant, isn’t just opinion; it’s backed by cryptographic reality. Here’s the current state of affairs, as highlighted by Perera:

While quantum computing is a threat, Bitcoin’s architecture, community, and developers are far from unprepared.

BlackRock isn’t warning the world; it’s obeying the SEC’s requirement to list emerging tech risks like AI, solar flares, and EMPs.

Bitcoin Price Analysis: Overheating Signals Present After $100K+ Rally

Bitcoin has bounced strongly off the Fib 0.5 level near $86,262, which aligned with a bullish reversal zone following its March bottom. The breakout above $97,711 (Fib 0) confirms the strength of this rally.

The RSI is currently at 70.52 and is flirting with overbought territory. While not yet in the danger zone, this level often precedes pullbacks, especially after extended rallies.

On the other hand, the MACD line remains bullish, with a wide gap above the signal line. Momentum is still strong, but the histogram is beginning to flatten—a potential sign that the buying pressure is slowing down.