VanEck’s CEO has turned Bitcoin’s “forever secure” narrative into a game of crypto Jenga, casually threatening to yank his firm’s support if quantum computers decide BTC’s encryption is just a really fancy scrapbook. His comments were met with the enthusiasm of a toddler hearing “no dessert” – surprise, anxiety, and a sudden urge to Google “Zcash for dummies.”
VanEck CEO Flags Bitcoin’s Encryption and Privacy Issues
On CNBC, Jan van Eck (yes, that’s his real name) warned the Bitcoin community to start worrying about two things: 1) whether quantum computers will laugh at their encryption, and 2) whether users want their financial business exposed like a TikTok confession. He said it with the gravitas of a man who’s never owned a wallet that didn’t have a password.
“We will walk away from Bitcoin if we think the thesis is fundamentally broken,” he said.
VanEck CEO Jan van Eck on CNBC:
“There’s something else going on within the Bitcoin community that non-crypto people need to know about.
And that is: ultimately, VanEck has been around before Bitcoin. We will walk away from Bitcoin if we think the thesis is fundamentally…
– Arjun Khemani (@arjunkhemani) November 22, 2025
Van Eck’s remarks were less “breaking news” and more “obvious, Karen,” as longtime Bitcoin holders realized their digital piggy bank might not survive the next sci-fi blockbuster. Turns out, transparency is great… unless you’re a privacy-obsessed hermit who thinks “public ledger” is a new dating app.
And let’s not forget Bitcoin’s worst enemy: itself. Every transaction is as visible as a neon sign in a library, which is why users are now asking, “Can I at least get a private shopping cart here?” Spoiler: No, but Zcash is offering a VIP lounge.
Zcash Gains Attention as Privacy Conversations Rise
With Bitcoin’s privacy game weaker than my ability to keep secrets at a family reunion, Zcash is now the crypto equivalent of a tinfoil hat – but fancier. Van Eck noted that Bitcoin OGs are flocking to Zcash like it’s the last buffet in a desert. Zero-knowledge proofs? Sounds like a cult. Shielded transactions? More like shielded from reality.
The community is now buzzing with phrases like “privacy-first” and “zero-knowledge scalability,” which sounds impressive until you realize it’s just code for “we don’t trust anyone, not even ourselves.”
Quantum Timeline Raises the Stakes for Institutions
The quantum computing threat? It’s the gift that keeps on giving. Some folks are betting 2026 will be the year Bitcoin either upgrades or becomes the crypto equivalent of a Polaroid in a smartphone world. Vitalik Buterin, ever the optimist, warned that quantum computers might arrive by 2030 – which, coincidentally, is also when we’ll finally invent time travel. Priorities, Vitalik!
Why This Matters for Bitcoin Holders
If Bitcoin doesn’t get its act together, institutions might start asking questions like, “Where’s my privacy?” and “Why can’t I hide my wealth like a normal person?” Meanwhile, Zcash is probably hosting a victory party with zero-knowledge riddles and a guest list of cryptographers who’ve never smiled.
What to Watch Next
The crypto world is now waiting for Bitcoin developers to either pull off a miracle or admit they’ve been living in a tech bubble since 2009. Will 2026 be a quantum-proof milestone or just another “we’ll fix it later” moment? Only time will tell – and somehow, quantum computers.
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FAQs
What is the quantum computing risk to Bitcoin?
Quantum computers could one day break Bitcoin’s encryption, potentially exposing wallets and transactions. This is a known long-term risk that developers are actively researching. Or, you know, they could just add more zeros to the password. 🤷
When will quantum computers break Bitcoin?
Experts suggest a tangible quantum threat could emerge before 2030. However, the Bitcoin community is aware and is developing quantum-resistant upgrades to counter this future risk. Which is great, assuming we invent time machines to send the upgrades back to 2023. 🕰️
Should I be worried about my Bitcoin investment due to quantum computing?
Not immediately. The threat is considered long-term, and developers have time to implement security upgrades. It’s a topic for future-proofing the network, not a current emergency. Unless your idea of “future-proofing” is buying a bunker. 🛡️
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2025-11-22 15:51