The article discusses the imminent threat posed by quantum computing to the security of cryptocurrencies. With advancements like Google's quantum chip, experts believe that quantum technology may soon be able to break the cryptographic systems used to protect digital assets. Industry leaders caution that the public's confidence in the current security infrastructure may be compromised as quantum computing evolves exponentially. This could lead to significant risks for cryptocurrency investors. The article emphasizes the need for preparedness and offers insights on protecting investments against these future threats.
Experts warn it is only a matter of time before quantum computing technology reaches the capability to crack the Elliptic Curve Cryptography, which secures most cryptocurrencies, including Bitcoin (BTC).
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