Tether CEO Paolo Ardoino says advances in Quantum Computing could ultimately bring lost Bitcoin back into circulation.
Ardoino also said quantum computing now poses no immediate threat to Bitcoin encryption.
In a recent tweet, Ardoino shared a future in which quantum tolerance addresses could be implemented in Bitcoin’s protocol before serious security risks could be realized. This upgrade allows active wallet holders to transfer Bitcoin (BTC) to a new quantum secure address.
However, Bitcoin in inaccessible wallets, including those belonging to Nakamoto Atoshi, can become vulnerable to breakthroughs in quantum computing.
Patrick Lowry, CEO of Samara Asset Group, responded to Ardoino’s predictions by proposing alternatives. It is a quantum resistant fork that leaves a lost wallet and Satoshi holdings. Laurie expressed uncertainty about the implications of either approach.
Despite these potential future scenarios, Ardoino maintained its fundamental strength in Bitcoin, highlighting that advances in quantum computing will not change the supply cap of 21 million. “Bitcoin is the world’s greatest asset,” he said.
Controversy arises as Tether (USDT) continues to expand its global financial infrastructure. At the PlanB forum in El Salvador, Ardoino detailed the decade-long development that Tether described as “one of the widest digital and physical distribution networks in history.” The company serves approximately 400 million users through USDT Stablecoin to emerging market users.
Ardoino emphasized that Tether focuses on building partnerships rather than pursuing capital investment. He also cited hundreds of thousands of partners and the widespread kiosk deployment across developing countries.
The company aims to provide financial services to billions of people currently excluded from the traditional banking system, while supporting the US economy through financial purchases.
