The news is about Google unveiling a new quantum chip called Willow, which can solve complex problems much faster than classical supercomputers. This development raises concerns about the security of cryptocurrencies like Bitcoin, as quantum computers could potentially crack encryption and threaten the integrity of blockchain transactions. Legendary trader Peter Brandt also expressed his belief that quantum computing poses an existential threat to Bitcoin. The article emphasizes the need to consider the risk of quantum computing in the future and highlights the potential impact of this news on the crypto market, as it coincided with a significant drop in market capitalization and losses for traders.



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