Galaxy Digital's latest research report highlights the potential threat posed by quantum computers to Bitcoin, though it is not yet a crisis. The report suggests that while quantum computers capable of breaking Bitcoin's elliptic curve digital signature algorithm (ECDSA) might emerge by the mid-2030s, Bitcoin can seamlessly upgrade to post-quantum cryptography through a soft fork. The study emphasizes that current quantum computing technology is far from breaking 256-bit encryption, and the Bitcoin community has ample time to implement defensive upgrades before the threat materializes.