As Bitcoin trades near the $85,000 mark, its underlying security model is facing a unique test. A new initiative by Project 11, a quantum research startup, has introduced a global challenge offering 1 BTC to anyone capable of using quantum computing to break a simplified version of Bitcoin’s encryption. While symbolic in its difficulty, the challenge shines a spotlight on a future where advanced computing could threaten the security of digital assets.

Bitcoin’s network, valued at more than $1.7 trillion, relies on elliptic curve cryptography (ECC) to protect user wallets and transactions. ECC has long been considered robust—until recent advances in quantum computing began to change that perception. Unlike traditional computers, which would take centuries to break Bitcoin’s 256-bit ECC, quantum machines could theoretically do so in minutes using Shor’s algorithm, a quantum approach that renders the current cryptographic model vulnerable.

Project 11’s “QDay Prize” challenge invites global researchers to test their capabilities against smaller versions of ECC encryption, with keys ranging from 1 to 25 bits. Though much simpler than Bitcoin’s real security model, these tests act as early indicators of how close we are to quantum computers disrupting blockchain networks. The contest runs until April 2026, and the winner will take home one full Bitcoin—currently worth around $85,000.

“We’re not trying to destroy Bitcoin,” said Alex Pruden of Project 11. “We’re trying to fuel awareness. If quantum computing can compromise even a small key today, we need to start preparing for tomorrow.”

The crypto world is listening. Other blockchain platforms are already experimenting with quantum-resistant measures. Solana, for example, introduced its hash-based “Winternitz Vault” earlier this year, specifically designed to withstand quantum-level threats. Ethereum co-founder Vitalik Buterin has also floated the idea of a quantum-resistant hard fork for the ETH network.

Bitcoin, however, has taken a slower approach. No formal roadmap exists for a quantum-resistant upgrade, making initiatives like Project 11’s challenge even more crucial in raising debate and urgency among developers and stakeholders.

Meanwhile, the Bitcoin market remains focused on short-term technical signals. BTC is currently consolidating near $84,500, forming a symmetrical triangle on the 1-hour chart. This type of price pattern typically precedes a breakout, with potential targets above $86,300 if bulls push the price through $85,500 resistance. If the price dips below $84,450, however, support could be tested around $83,100.

Technical indicators suggest momentum is waning. The MACD is edging toward a bearish crossover, and trading volume is thinning—meaning any breakout should be watched closely for confirmation. False moves are common during low-volume compression patterns.

In parallel with Bitcoin’s sideways trading, investor interest in related crypto tokens continues to grow. BTC Bull Token, a new Ethereum-based asset that rewards holders with real Bitcoin during market surges, has raised more than $4.77 million in its presale. The project offers up to 86% annual returns through staking, plus flexibility to unstake at any time. With over 1.22 billion tokens already locked in, demand continues to rise.

Backed by actual Bitcoin rewards and high-yield staking, BTC Bull has positioned itself as one of the more innovative digital assets aligned with Bitcoin’s price performance. Its presale is nearing completion, with token prices set to increase once the final milestone is hit.

As attention shifts between long-term security and short-term speculation, Project 11’s quantum bounty reminds the crypto world of what’s truly at stake. Bitcoin may be strong today, but tomorrow’s technologies could demand a very different kind of defense.