All Crypto To $0? Bitcoin’s Biggest Risk Is Arriving Faster Than Expected | Andrew Cheung

Summary

Andrew Cheung, CEO of 01 Quantum, explains how accelerating quantum computing threatens Bitcoin, Ethereum, and other cryptocurrencies by breaking elliptic curve encryption. He describes the harvest-now-decrypt-later risk and argues the market is not fully pricing the threat. He then outlines how 01 Quantum’s products and services—including quantum vaults, secure remote access, email, and AI encryption—are already commercializing post-quantum security for enterprises and crypto users.

• Quantum computers may break Bitcoin’s private keys as early as 2029, with error correction advances shrinking the timeline.
• Harvest-now-decrypt-later attacks mean data intercepted today can be cracked once powerful quantum machines arrive.
• Crypto assets rely on elliptic curve signatures that are fundamentally vulnerable, and decentralized governance makes migration extremely hard.
• 01 Quantum has delivered commercial post-quantum security projects for Hitachi and a crypto foundation, and holds a key patent in AI quantum encryption.
• The company’s ticker is ONE on the TSXV and OONEF on the OTCQB.
• Banks and traditional finance also face quantum risk, but centralized systems can upgrade more easily than crypto networks.
• Cheung monitors error correction breakthroughs and opaque Chinese quantum progress as potential catalysts for an earlier Q-day.