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In this episode I break down the Citi Institute’s quantum threat analysis and why 2026 is shaping up to be a turning point for quantum security. The core message is simple: migration to post-quantum cryptography (PQC) must start now, because the most urgent risk is “harvest now, decrypt later” — data stolen today can be decrypted later when cryptographically relevant quantum computers arrive. Key takeaways from the episode • Citi estimates a 19–34% probability of widespread breaking of public-key encryption by 2034, rising to 60–82% by 2044 • Estimated GDP at risk is $2T to $3.3T from cascading impacts (especially in finance and critical infrastructure)... in a single day • Quantum threatens RSA/ECC signatures and identity systems, plus TLS/HTTPS/VPN/email and long-lived IoT/OT systems • Bitcoin exposure is concentrated (roughly 25% of coins), but one successful high-profile quantum theft could trigger a trust collapse • Ethereum and other chains may be more exposed (you cite 65%+) but potentially more agile to migrate via governance • The playbook: inventory public-key usage, prioritize long-lived/high-value data, build crypto-agility, phase migration over years • Momentum is building: “Year of Quantum Security” framing, federal shift from awareness to preparation, and a G7 roadmap for finance If you want daily quantum coverage and the full timeline, visit thequantumbull.com