Project Eleven warns $3 trillion in crypto at risk by 2030‑2033
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- Project Eleven released a 110‑page report warning that more than $3 trillion in digital assets secured by elliptic‑curve cryptography could become vulnerable to quantum attacks within four to seven years.
- Q‑Day – the point when quantum computers can break widely used public‑key cryptography – is projected to arrive as early as 2030 and no later than 2033.
- Migration to post‑quantum cryptography for global financial and digital infrastructure, including Bitcoin, could take a decade and is limited more by the need for costly, coordinated action than by technical feasibility.
- Solana Foundation announced a collaboration with Project Eleven to prepare its network against quantum‑computing threats.
- Alex Pruden, CEO of Project Eleven, presented the report’s findings on stage at Consensus Miami 2026.
- The report notes that the same public‑key cryptography used by Bitcoin, Ether and stablecoins also underpins banking systems, cloud infrastructure, authentication networks and military communications.
Why it matters: Digital‑asset holders, banks, cloud providers and military communications risk losing control of $3 trillion in value if quantum attacks materialize by 2030‑2033, while the decade‑long, costly migration to post‑quantum cryptography—hampered by coordination challenges—means they must act now or face inevitable compromise.
