[Bernstein: Bitcoin Market Has Absorbed Quantum Risks, No Immediate Survival Threat in the Short Term] Odaily Planet Daily reports that Bernstein stated Bitcoin's previous correction has partially reflected market concerns over quantum computing risks, considering the threat 'real but manageable,' and not yet an imminent systemic risk. Although research, including that from Google, suggests that future quantum computers may potentially crack commonly used blockchain encryption algorithms under extreme circumstances, advancements in zero-knowledge proofs and quantum-resistant cryptography provide some level of hedging. Bernstein believes Bitcoin developers still have approximately 3 to 5 years to advance quantum-resistant upgrade paths and mentioned the current BIP-360 proposal, which could reduce some quantum exposure risks through a soft fork. Additionally, institutional investors (including ETF issuers and corporate holders) are expected to play an active role in driving upgrade consensus. However, industry opinions point out that the primary challenge of quantum-resistant upgrades lies in user migration and consensus formation, rather than the technical implementation itself. (Cointelegraph)