Tim Draper claims Bitcoin is safer than Banks in Quantum era

Crypto Insight Summary: olitan.com/news/tech/) * [](https://www.cryptopolitan.com/databricks-valuation-ai-aggressive-push/) [Databricks sets $175B valuation target as AI firms advance aggressive push](https://www.cryptopolitan.com/databricks-valuation-ai-aggressive-push/) 10 hours ago[Tech](https://www.cryptopolitan.com/news/tech/) WEEKLY STAY ON TOP Best crypto insights delivered straight to your inbox. SUBSCRIBE » » # Tim Draper claims Bitcoin is safer than Banks in Quantum era By 3 mins read 11 seconds ago * Tim Draper said traditional banks face a bigger quantum computing threat than Bitcoin, arguing crypto networks are more resilient. * Draper believes quantum technology could ultimately strengthen Bitcoin and its security. * Critics like Jameson Lopp argue banks can upgrade to quantum-resistant systems faster than decentralized networks like Bitcoin. **Billionaire financier Tim Draper believes that the conventional banking system faces a more immediate threat from quantum computing than Bitcoin does. According to reports by Moody’s Ratings, Google announced in March 2026 that the company was moving the implementation timeline to 2029. Cloudflare made the same announcement in April, while the 2035 deadline announced by the US Government for federal agencies remains the same. In June 2026, Moody’s Ratings made its position clearer when it warned that the late adoption of post-quantum cryptography can be a source of credit risk. The problem was exacerbated by Google’s very own which revealed that cracking the encryption code had become 20 times easier than previous estimates. The amount of quantum computing (qubits) required for cracking P-256, a standardized algorithm used widely in financial services and government systems, would be approximately 26,000. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Positive sentiment from Draper but practical impact limited by long timeline for quantum threats.