As Bitcoin soars to new highs, busy carving its independent price trajectory, a new emerging tech is threatening its growing stance, posing a challenge to Bitcoin’s independent streak. A recent analysis done by Google believes quantum computers are capable of breaking Bitcoin’s solid encryption, jeopardizing the existence of the currency in its entirety.
Also Read: Not Bitcoin or Gold, Robert Kiyosaki Explains New Asset Could Surge 2x
Can Bitcoin Break?
A recent study done by Google has brought forth a compelling analysis about quantum tech and how it can revolutionize the modern way of completing day-to-day tasks. Moreover, this analysis also presented striking details, claiming how quantum computers are capable of breaking Bitcoin’s encryption “at a very fast pace,” which could essentially end up endangering Bitcoin’s long-term vision of becoming a leading asset class.
Leading finance expert Mario Nawfal took to X to share how quantum computers are capable of performing tasks at an incredible speed, including breaking the encryption of complex technologies 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 COULD CRACK BITCOIN MUCH FASTER THAN EXPECTED
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… https://t.co/ir2cwiL9qQ pic.twitter.com/yReupWc9Nf
— Mario Nawfal (@MarioNawfal) May 29, 2025
Nawfal’s statement on quantum tech has now gone viral, captivating the attention of seasoned investor and entrepreneur Chamath Palihapitiya. Palihapithiya took to X to share Nawfal’s story, highlighting the grave danger of the tech if it ends up exploring Bitcoin. In a change of events, Palihapitiya shared a rational approach, suggesting how hard assets like gold can emerge as the ultimate saviors if a situation like this ever befalls the domain.
“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.”
If this is even remotely true, combined with everything else happening rn, the only safe trade are hard assets and, dare I say, gold.
Sheesh. https://t.co/xXep4kpblI
— Chamath Palihapitiya (@chamath) May 29, 2025
Gold Eyes: A New $3700 Milestone
Per Goldman Sachs, the rising popularity of the yellow metal is influencing investor sentiment heavily. The rapidly changing geopolitical narratives, coupled with constant USD devaluation due to Trump’s policies, have helped gold tremendously, helping the asset rise high on the radar.
According to GS, gold is already eyeing new price highs and may trade at $3700 by the end of 2025.
“If a recession occurs, ETF inflows could accelerate further and lift gold prices to $3,880 per troy ounce (toz) by year-end.”
Also Read: Gold Price Forecast: Bank of America Reveals Bold Target
