Google Warns Quantum Computers May Crack Bitcoin Encryption by 2029

Google's Quantum AI team has been at the forefront of research on quantum computing's potential impact on cryptography. Their latest warnings suggest that powerful quantum computers may be able to crack the encryption used by Bitcoin and Ethereum, putting billions of dollars' worth of cryptocurrency at risk.

The team estimates that it may take fewer than 500,000 qubits to crack the encryption, a significant reduction from previous predictions. This has sparked concerns among cryptocurrency holders and investors, who are now facing a potential threat to their assets.