Coinbase Chief Executive Officer Brian Armstrong stated that quantum computing requires "relentless effort," but does not pose an existential threat to Bitcoin. He added that despite market volatility, Bitcoin's fundamentals remain solid. He believes the issue is "entirely solvable" and noted that Coinbase has established an advisory committee to assess quantum risks. Meanwhile, Bitcoin's price rose 1.37% to $71,132.97; Coinbase's stock rose 1.31% in after-hours trading, following a decline during the regular trading session.

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