BlackRock has identified quantum computing as a potential threat to Bitcoin and other blockchain networks, highlighting the risk in its updated regulatory filing for the iShares Bitcoin ETF. The revised registration statement, submitted on May 9, includes a detailed overview of how emerging technologies might compromise the cryptographic security that underpins Bitcoin. Analyst James Seyffart remarked that such risk disclosures are standard practice, aimed at addressing possible vulnerabilities even if they are unlikely to materialize. Bitcoin ETF inflows reached historic highs of approximately $40 billion on May 8, suggesting continued interest among investors despite concerns over quantum threats. Furthermore, Tether CEO Paolo Ardoino has suggested that advancements in quantum computing could eventually allow for the recovery of lost Bitcoins, in line with discussions around the challenges posed by the technology.

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