**[Benchmark Report: Bitcoin Quantum Threat is a Long-Term Manageable Risk, No Need for Panic]** According to The Block, Wall Street research firm Benchmark has released a report stating that the threat posed by quantum computing to Bitcoin is "long-term and manageable," countering the growing panic in the market. Analysts pointed out that while quantum computing does theoretically expose vulnerabilities in Bitcoin cryptography, actual attacks are likely to take "decades rather than years," giving the network ample time to upgrade and respond. Theoretically, only Bitcoin in addresses with exposed public keys (e.g., addresses that have been reused or early "Satoshi-era" wallets) would be at risk, not the entire supply. The report cites estimates from some researchers that such vulnerable addresses may hold between 1 million and 2 million Bitcoins, a more conservative figure compared to the approximately 7 million estimated by some others. There is significant disagreement within the industry regarding the timeline of the threat: venture capitalist Chamath Palihapitiya has predicted that the threat could emerge within the next two to five years, while long-time Bitcoin contributor Adam Back believes the risk may not materialize for another 20 to 40 years. The Benchmark report emphasizes that the Bitcoin network is not static and has previously addressed substantial risks through upgrades like Taproot. The transition to quantum-resistant algorithms is also expected to follow a similar gradual path.