Bitcoin Just Made Progress Against This 1 Existential Risk. Is It a Buy?

2026-03-02 22:20:00 ET

Picture a vault that only opens if you prove you know a specific combination. You never need to reveal the combination itself; you just need to show proof that you know it that convinces the lock, and it'll open the vault for you. That's basically how Bitcoin (CRYPTO: BTC) ownership works today, and normally, it works just fine.

But there's theoretically a way to fabricate the proofs such that any given lock can be bypassed. Nobody has ever been able to implement that particular hack yet, but if someone did at some point, it'd very likely be an existential problem for the coin and send its price toward zero. That risk is so frightening that it might even be holding the coin's price down today -- which is why, if you hold it or plan to hold it, you should know that Bitcoin's developers just made some progress toward mitigating the problem.

Does that mean it's worth buying today, given that one of its few life-or-death risks now looks to be solvable?

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