The post VanEck CEO Warns Quantum Computing Poses Risk to Bitcoin appeared com. Bitcoin’s encryption and privacy could be at risk from quantum computing, but it is still a good investment for now, says Jan van Eck, CEO of investment manager VanEck. “There is something else going on within the Bitcoin community that non-crypto people need to know about,” van Eck told CNBC on Saturday. “The Bitcoin community has been asking itself: Is there enough encryption in Bitcoin? Because quantum computing is coming.” He said that the company believes in Bitcoin (BTC), but it was around before the cryptocurrency launched and “will walk away from Bitcoin if we think the thesis is fundamentally broken.” VanEck is one of the world’s largest crypto asset managers and has multiple Bitcoin products, including a spot Bitcoin exchange-traded fund in the US that has taken in over $1. 2 billion in inflows since launching in early 2024. Jan van Eck speaking on the quantum computing risk. Zcash has soared by over 1, 300% in the past three months as the market has rushed to embrace privacy tokens amid a renewed surge in interest for anonymous crypto transactions. Cryptographer and cypherpunk Adam Back said earlier this month that Bitcoin is unlikely to face a meaningful threat from quantum computing for at least two to four decades. Bear market being priced in Van Eck concluded that the four-year cycle is being priced in right now, recommending dollar-cost averaging into bear markets rather than chasing bull markets. Related: IBM claims major leap toward quantum computers with new chips He said Bitcoin “for sure” needs to be included in investor portfolios due to “mainstream global liquidity.