It is a fud attempt from BlackRock with hope of creating panic sell and dumping the market for their accumulation at cheaper prices. Did BlackRock do due diligent research about Bitcoin, fundamentally and technicaly before submit their Bitcoin Spot ETF application?

I emphasize about their Bitcoin Spot ETF application, not about their Bitcoin Spot ETF operation after approved in January 2024.

Your post shows that you are like a big fan of BlackRock and its Bitcoin Spot ETF or you are not their fan but seriously understood inaccurately about Bitcoin Spot ETF industry.

BlackRock Bitcoin Spot EFT was approved together with other Bitcoin Spot ETFs, on a same day in January 2024. So they are not a first successful Bitcoin Spot ETF!

I also sense that there is an intention of then buying to accumulate more and this may just be a trick that they want to employ in making as many as possible to sell so that the market can be rented out to bear and they buy, then we see more all time highs and they got profitable at the cause, this institutions are very wise in their actions, some are just with the intention of causing the market to react on some of the news spread, because they understand how the bloggers could spread the information all over the social media causing FOMO.

They have to make all information available & be transparent to investors. In truth, if Quantum a Computing becomes a reality any time soon then Bitcoin will be far down the list in potential attack targets. Malicious actors would target banking, social security numbers, addresses, nuclear weapon activation codes. Bitcoin can be forked & Quantum resistant Bitcoin addresses will become a thing soon any way. Do not worry, Bitcoin will be fine.

No this is not FUD by BlackRock. It's more of a insurance 
BlackRock gain nothing from creating FUD. They don't buy Bitcoin with their funds but that of investors
They are more like custodians and are paid a fee for holding your Bitcoin.

Nothing new the case about quantum threat has been ongoing before BlackRock made this statement
Which should some weeks ago.
If I have a quantum machine with such computing power Bitcoin wouldn't even be the top ten in my mind.
They made this to let investors know about potential risk not existing risk
Quantum machines ain't a threat to Bitcoin currently maybe in decades.

A well decentralized system like Bitcoin is hack-proof unlike centralized entity like b'rock. It's hack-proof because its system is designed to be watched and validated by nodes of many people spread across the world, plus the combination of other useful features. It's not like a centralized system that's centrally watched or that exist on one or few locations.
By the way,  Bitcoin is not only secured physically, it's "extraordinarily" protected, and this means that before a hack happens in the physical sphere of existence it will first of all happen on "the other side". So, the quantum computer has to successfully breach the security of the other side before it succeeds physically. This is basically impossible as long as Bitcoin is more morally superior.

Decentralized systems are generally difficult to hack, as long as they operate within these most important principles of Bitcoin below, which from our observation have to be applied together to improve the security of a decentralized system and their participants.
 
* Decentralization:  don't centralized control, power, verification and validation/approval.

* Transparency/opensource: Keep it transparent enough for anyone to monitor and contribute to solving issues.

* Immutablity: There should always be exact records of all data/info. They should be unchangeable or undeletable. People can always refer to them when needed, they can serve as evidence when something goes wrong, or they can repopulate another platform when the other stops existing etc

* Trustlessness: Don't trust but verify

* Permissionless: the barrier to entry should be low to allow anyone to join, contribute and use.

* Censorship resistant:  Info/data should be censorship proof (unless they prevent the system/network from working properly), individuals can choose to block or avoid it and its creator

* Reputation: use this to limit dishonest participants

* Anonymity/privacy: protect the identity of honest participants

* Unlimited accounts or multiple points of control: It's important not to have all your valuable in one account. Try to split them into multi accounts. This is especially helpful against hacks or attack from things like quantum computers.

* Data/assets control and distribution: it's important to self custody your assets/data and only import or access them where you want to use them, like on wallets, websites etc.

Exactly what I'm thinking as well, they are just trying to safeguard nothing more.

As for the quantum computing risk, it's all still speculation, none of quantum computer are functional enough to break the encryption at least until few decades.

But the solution is coming up, bitcoin isn't stagnating, it will upgrade its security and respond to such threat.

And long before this happens there will be technical changes made to prevent it from being a catastrophe.  As above, it is legal protection by disclosing risks, nothing more.  Certainly some people are using it as FUD, but there are alt coins (e.g. ether) that are much more susceptible to quantum risks due to design choices.  They are the canary in the coal mine.

It's publicly known that ECDSA/secp256k1 cryptography used by Bitcoin isn't secure against Bitcoin QC. So i feel either BlackRock or news media decide to perform fearmonger for reason i don't know. Frankly, i would


FYI, Bitcoin doesn't use encryption cryptography wheres Bitcoin actually use signature and hash cryptography instead.

It wouldn't be bad if you start using some better sources, because it looks like you've woken up from a long sleep and you're quite behind on real data.


https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust


Everyone is afraid of quantum computers, but apparently very few people realize that it will be a long time before such computers are powerful enough to compromise the cryptography that protects not only BTC but everything else in digital form. I've never liked them and companies like them, especially when it's an open secret that they're there for profit and don't care 1% about BTC.

What's the next news? BR propose a BTC hard fork that will be resistant to quantum computers?