Bitcoin is on a rise, carving out its own price path, but a new technology threatens its independence. Google has recently conducted an analysis that suggests quantum computers can break Bitcoin’s strong encryption. This could threaten its existence.
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Bitcoin: Can it Break?
Google’s recent research has revealed a fascinating analysis of quantum technology and its potential to revolutionize how we complete our daily tasks. This analysis revealed some striking facts, including the fact that quantum computers can break Bitcoin’s cryptography. “at a very fast pace,” Bitcoin’s goal of being a premier asset class could be put at risk.
Mario Nawfal is a finance expert and he appeared on X. He explained that quantum computers have the ability to perform at incredible speeds, such as breaking encryptions of complex technology within minutes.
“Google’s latest quantum computing research just blew a hole in old encryption timelines. It now estimates that a quantum machine with fewer than one million noisy qubits could break 2048-bit RSA encryption in under a week. That’s 20 times faster than previous forecasts and could impact everything from bank accounts to Bitcoin wallets. Quantum computers are not ready yet, but they are getting stronger fast. Crypto may still be safe today, but the race to quantum-proof the system is no longer optional. Google has already started encrypting Chrome traffic accordingly.”
GOOGLE WARNS QUANTUM COMPUTERS CAN CRACK BITCOIN FASTER THAN EXPECTED
Google’s latest work in quantum computing just opened a gaping hole in previous encryption timelines.
It now estimates that a quantum machine with fewer than one million noisy qubits could break 2048-bit RSA… https://t.co/ir2cwiL9qQ pic.twitter.com/yReupWc9Nf
— Mario Nawfal (@MarioNawfal) May 29, 2025
Chamath Palihapitiya is a successful investor and entrepreneur who was attracted to Nawfal’s viral statement about quantum tech. Palihapitiya shared Nawfal’s story on X, highlighting how dangerous the technology could be if they end up exploring Bitcoin. Palihapitiya, in a turn of events, shared an alternative approach. She suggested that hard assets such as gold could be the ultimate savers, if this domain ever faced a similar situation.
“If this is even remotely true, combined with everything else happening rn, the only safe trades are hard assets and, dare I say, gold. Sheesh.”
This is a very dangerous statement. With everything that’s happening, it makes me think of gold and hard assets.
Sheesh. https://t.co/xXep4kpblI
— Chamath Palihapitiya (@chamath) May 29, 2025
New Gold Eyes Milestone: $3700
You can also find out more about Per Goldman SachsInvestor sentiment is heavily influenced by the increasing popularity of gold. Due to the rapid changes in geopolitical narratives and the devaluation of the USD due to Trump’s policies, gold has gained tremendously.
Gold may reach $3700 in 2025, according to GS.
“If a recession occurs, ETF inflows could accelerate further and lift gold prices to $3,880 per troy ounce (toz) by year-end.”
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Source: watcher.guru
