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🔴 UPDATED FEB 8, 2026

Migration Takes 5-7 Years. Bitcoin Hasn't Started.

FBI, CISA, and NIST have declared the quantum threat operational. The Federal Reserve confirms adversaries are harvesting blockchain data now. Four independent teams have proven quantum error correction works. Breaking Bitcoin's encryption: ~6,500 logical qubits, 2 hours. IonQ's target: 1,600 logical qubits by 2028. QEC research output in 2025: 3.3x the prior year. ~6.9 million BTC sit in addresses with exposed public keys. The math is simple: migration takes 5-7 years, hasn't started, and is a defensive downgrade - bigger signatures, fewer transactions, higher fees, all for zero immediate benefit.

See February 2026 Breakthroughs