At the 10th International Forum of the Financial University, Doctor of Economics, Professor Artem Genkin addressed the profound impact quantum computing could have on the future architecture of financial markets and the crypto industry.
Artem Genkin, who heads the NPO Center for Protection of Bank Clients and Investors, cautioned that advances in this technology could fundamentally reshape the digital financial landscape.
“Quantum computing is advancing inexorably, and the day may come when the digital ‘locks’ of the current system are cracked,” said the economist. “Hundreds of millions of crypto wallets could become vulnerable, and a currency’s market value would be irrelevant if it can be swiftly targeted by crypto criminals.”
He explained that should this scenario materialize, the financial markets could face severe repercussions, ranging from a catastrophic loss of trust in existing cryptosystems to the urgent, forced adoption of new security standards.
Conversely, the expert noted that this very threat is already stimulating demand for quantum-resistant technologies designed to protect digital assets. However, he also warned of a potential downside: the emergence of a new, high-risk market segment centered on these solutions.
“I’m very concerned that this could create another tech bubble – or, conversely, a legitimate market for effective solutions,” he concluded.