When Bitcoin sucks to new heights, busy carving its independent price card, a new new technology threatens its growing position and poses a challenge for Bitcoin independent row. A new analysis made by Google believes that quantum computers can break Bitcoin’s fixed encryption, which jeopardizes the existence of the currency as a whole.
Also read: Not bitcoin or gold, Robert Kiyosaki explains that new access can grow 2x
Can bitcoin break?
Leading finance expert Mario Nawfal took to X to share how quantum computers can perform tasks at an incredible speed, including breaking the encryption of complex techniques within minutes.
“Google’s latest quantum calculation research blew only one hole in old encryption lines. It now estimates that a quantum machine with fewer than one million noisy Qubits can break 2048-bit RSA encryption for a week. It is 20 times faster than previous forecasts and can not affect everything from bank accounts to bitcoin walls.
Google Warns: Quantum computers can crack bitcoin much faster than expected
Google’s latest quantum computing research blew only one hole in old encryption lines.
It now estimates that a quantum machine with fewer than one million noisy Qubits can break the 2048-bit RSA … https://t.co/ir2cwil9q pic.twitter.com/yreupwc9nf
– Naval Naval (Merral) May 29, 2025
Nawfal’s statement about Quantum Tech has now gone viral and imprisoned attention from the experienced investor and entrepreneur Chamath Palihapitiya. Palihapithiya took to X to share Nawfal’s story and emphasized the serious danger to the technology if it ends up exploring Bitcoin. In a change in events, Palihapitiya shared a rational approach, which indicates how tough assets can emerge as the ultimate saviors about a situation like this ever falls the domain.
If this is even remote, in combination with everything else that happens RN, the only safe trade is hard assets and, I dare say, gold.
Sheesh. https://t.co/xxep4kpbli
– Chamath Palihapitiya (@chamath) May 29, 2025
Golden eyes: A new milestone of $ 3700
Per Goldman SachsThe rising popularity of the yellow metal greatly affects investors’ feeling. The rapidly changing geopolitical stories, combined with constant USD defeating because of Trump’s policy, has helped gold tremendously and helped the asset to rise high on the radar.
According to GS, Gold already sees new price heights and can trade at $ 3700 at the end of 2025.
“If a recession occurs, ETF inflows can accelerate further and lift gold prices to $ 3,880 per troy ounce (Toz) at the end of the year.”
Also read: Gold Prize forecast: Bank of America reveals bold target