VanEck CEO Jan van EckBitcoin in the Power Lunch program he participated in CNBC 
$0.019561Repercussions in the market by questioning whether ‘s has sufficient encryption and privacy levels woke up. In the interview, where the long-term structure of Bitcoin was again discussed, van Eck stated that they evaluated the company’s approach to Bitcoin on technological grounds and said, “VanEck existed before Bitcoin. If the basic thesis is broken, we will withdraw from Bitcoin.”
Bitcoin’s Encryption and Privacy Model is Discussed
In his assessment of the future of Bitcoin, Van Eck drew attention not only to price movements but also to infrastructural risks. He emphasized that the company bases its asset class assessments on technological durability. Especially with the development of quantum computers BitcoinReferring to the risk of breaking the elliptic curve cryptography used by , he stated that the issue of privacy is becoming increasingly important within the community.
The CEO’s words, “Anyone can see the money movements in Bitcoin within the Blockchain”, prioritize privacy. Zcash It caused alternatives such as this to be brought to the agenda again. Van Eck noted that some long-term Bitcoin investors are examining Zcash’s structure, which is similar to Bitcoin but much more secretive. After the explanations X In his post on his platform, he wrote that the current downward trend is associated with the intra-Blockchain reflection of the block reward halving cycle, quantum-related security concerns and Zcash’s increasing privacy advantage.
Is Quantum a Threat or Exaggeration?
VanEck CEO’s comments were met with both support and harsh criticism. Ethereum 
$2,809.01 co-founder Vitalik ButerinAt the Devconnect conference in Argentina last week, he stated that quantum computers pose a threat to cryptography, saying “Elliptic curves will die.” Similarly, a quantum researcher from the University of Texas Scott Aaronson He also suggested that a quantum computer that could run the Shor algorithm could be developed before the 2028 US elections.
However, JAN3 CEO, one of the Bitcoin advocates Samson Mowcriticized van Eck’s statements as an approach that does not understand Bitcoin culture. Mow said, “You don’t know Bitcoin maximalists. Stay in your own field and continue promoting the latest altcoins.” While the discussions continued, Zcash’s ZEC coin increased by 17 percent in the last 24 hours, 121 percent in the last 30 days, and 930 percent since the beginning of the year, reaching $578.35.
