Institutions have established the Bitcoin Security Consortium, contributing $15 million to research quantum‑resistant solutions, enhancing BTC's long‑term security.
When emotions run deep, it's natural to build; the large bitcoin-native buyers are even more afraid of the price going to zero than you are.
So besides buying the coin, they are also contemplating mitigating long‑term downside risks.
Last night, Strategy, BlackRock, Fidelity, Coinbase and other nine institutions today launched the "Bitcoin Security Consortium", committing $15 million over three years to fund Bitcoin core developers, focusing on quantum‑resistance research.
Everyone knows that quantum computing is the biggest technical headwind looming over Bitcoin.
Bitcoin's address security relies on elliptic curve cryptography, and once quantum computing matures, the private keys for those coins could theoretically be reverse‑engineered.
$15 million is merely a drop of water for these large institutions holding hundreds of billions of dollars in Bitcoin, but for research, more is always better.
Everyone hopes the game can keep going; funding is both a generosity and a statement of stance.