Analyst warns of Bitcoin quantum risk, Taproot adoption drops from 42% to 20% since 2024. Investors' perceived risk affecting adoption.
Cryptocurrency expert Willy Woo expressed concern over the perceived quantum risk affecting Bitcoin's adoption. Woo highlighted a sharp decline in Taproot adoption, dropping from 42% to 20% since 2024. The Taproot upgrade, launched in November 2021 to enhance network privacy and efficiency, specifically for complex transactions, has not seen widespread adoption. Despite claims that quantum risk is distant, Woo emphasized that present investor perceptions of risk are hindering adoption. He labeled the Taproot upgrade as "quantum vulnerable," echoing concerns raised by Bitcoin security specialist Jameson Lopp in March. This development underscores the urgency for addressing potential vulnerabilities in order to advance the adoption of Bitcoin.
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