The spectacular breakthrough of the Google chip Willow sparks a discussion in the crypto community. Will future superchips crack the blockchain and cause Bitcoin to crash? Buy Alphabet and D-Wave now or would you rather buy Bitcoin?
Bitcoin has established itself and is used by large investors, companies and states as “digital gold”. What can stop the blockchain pioneer’s triumph? Quantum computers – at least many are worried about the security of cryptocurrencies after the big quantum breakthrough at Alphabet.
VC investor, ex-Facebook manager and billionaire Chamath Palihapitiya now gave an interview and advises caution. In a podcast, he predicted that the Bitcoin scene only had a window of two to five years before highly complex quantum computers could potentially crack the Bitcoin encryption.
The current AKTIONÄR Hot Stock Report explains the breakthrough of Alphabet's Depot 2030 title: In the new generation of chips, qubits could maintain their state for almost 100 microseconds – 5 times as long as before. According to Google, it is now clear that quantum computers are outpacing classical supercomputers that overheat “at a double-exponential rate” – and this will continue “as we now scale up.”
Bitcoin
(ISIN: CRYPT0000BTC)
Is Bitcoin in Danger? The founder of the Solana project Dialect Chris Osborn, who is familiar with quantum computers, now counters on X and advises: “Relax.”
CT: Find out about Google's quantum results today. Quick reality check:
1. Google claims to have demonstrated sub-threshold error correction capabilities with its latest quantum chip. “Below threshold” is industry jargon for spinning physical qubits that are noisy,…
—Chris | Dialect (@aliquotchris) December 10, 2024
Quantum: Big leap needed by 2030
Despite their enormous theoretical performance, quantum computers still lack stability. Osborn: “First-class logical (error-corrected) qubit algorithms require 500-1,000 physical qubits to create ONE logical qubit.” And it would take 5,000 logical qubits to run Shor's algorithm, the encryption-breaking algorithm. In other words, there would have to be millions of physical qubits to crack encryption, while Google's chip currently only has 105 physical qubits. The difference is still big, but Google claims that it can now scale – the future development of quantum computers could continue to surprise in its speed.
Bitcoin: This is the biggest danger
Osborn writes: Google News is of great importance for the industry. But: Google's marketing push has gone too far. His conclusion: “I love quantum computing, I have dedicated over a decade of my life to this area.” But these discussions about cryptography and cracking encryption are not the main danger. “Crypto won’t fail because of quantum computers.” Crypto could fail if we don’t build the products people really want.”
The AKTIONÄR Hot Stock Report relies on both: Alphabet and Bitcoin are part of the 2030 portfolio. In addition, the quantum pioneer D-Wave has been on the recommendation list since February (+470 percent). It has now been nine years since the report alerted readers to the “next wave” of Bitcoin – the increase since then has been 25,000 percent. In the current issue we buy a 3D and a quantum position in Depot 2030. We also present two stocks that can benefit from the fusion reactor – a technology that is now receiving even more tailwind thanks to quantum breakthroughs. Simply activate it here and immediately receive all information about the Depot 2030 and TFA Depot.
D-wave quantum
(ISIN: US26740W1172)
Photo: Depot 2030 (excerpt; percent since first purchase
Note on conflicts of interest
The author holds direct positions on the following financial instruments or related derivatives mentioned in the publication, which can benefit from any effects of a price development resulting from the publication: Bitcoin.
Note on conflicts of interest
The board of directors and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has taken direct and indirect positions on the following financial instruments or related derivatives mentioned in the publication, which can benefit from the possible effects of a price development as a result of the publication: Bitcoin.
