Venture capitalist Tim Draper downplayed the impact of quantum computing on Bitcoin (CRYPTO: BTC), arguing that fiat money in banks faces a greater risk.

Banks To Fall First?

In an exclusive interview with Benzinga, the billionaire investor said that he considers his Bitcoin holdings “more secure” than the dollars he keeps in the bank.

“Quantum, etc., will hack the banks long before it can touch the blockchain,” Draper said.

He added that even in the event of a hack, the network could be rolled back to the last secure block, a process often described as a fork.

Although technically possible, it’s rarely carried out except in extreme cases and requires widespread agreement among…

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