Pantera Capital: Anti-quantum competition may strengthen the "gravitational effect" of blockchain networks like Ethereum

Pantera Capital General Partner Franklin Bi posted on platform X, stating that the competition against quantum threats has already begun, but the market has a clear misjudgment regarding the adaptability of traditional finance and blockchain.

The market has overestimated the speed at which the Wall Street system can adapt to the upgrade of anti-quantum technology, as the migration process of traditional financial infrastructure will be slow and chaotic, making it difficult to eliminate risks such as single points of failure. The overall security of the traditional financial system depends on its weakest links. Meanwhile, the market has underestimated the unique capabilities of blockchain technology in terms of upgrades. If certain blockchains can successfully complete upgrades within a critical window, they may evolve into "safe havens" for data and assets in the anti-quantum era. Ethereum has already proven to be one of the few successful examples capable of completing complex system upgrades globally (such as the previous The Merge upgrade), and the security crisis brought by quantum computing may actually strengthen the "gravitational effect" of a few core blockchain networks.