Bitcoin News

Will Quantum Tech End Bitcoin? Chamath Palihapitiya Weighs In

by Crypto Hobby

Updated June 05, 2025

Quantum computing's rapid advancement poses a potential threat to Bitcoin's encryption, raising concerns among financial experts. A recent Google analysis suggests quantum machines could break Bitcoin's security much faster than previously thought. This development has prompted discussions about the future of digital assets and the potential resurgence of traditional "hard assets" like gold.

Quantum Threat to Bitcoin's Encryption

Google's latest research indicates that quantum computers could potentially break Bitcoin's encryption at an alarming speed. This analysis suggests that a quantum machine with fewer than one million noisy qubits could crack 2048-bit RSA encryption in under a week, significantly faster than earlier forecasts. This accelerated timeline has sparked debate about the long-term security of cryptocurrencies.

Expert Reactions and Chamath Palihapitiya's Stance

Mario Nawfal, a leading finance expert, highlighted Google's findings on X, emphasizing the speed at which quantum computers could compromise complex technologies. His post garnered significant attention, including from seasoned investor Chamath Palihapitiya. Palihapitiya shared Nawfal's concerns, suggesting that if the quantum threat is even "remotely true," then "hard assets" like gold might become the only safe investments.

Chamath Palihapitiya suggests gold as a safe haven if quantum tech threatens Bitcoin.
Google's research indicates a significantly faster timeline for quantum computers to break encryption.
The debate highlights the need for "quantum-proof" systems in the crypto space.

The Resurgence of Gold

Palihapitiya's comments align with a broader trend of renewed interest in gold. Goldman Sachs reports that the yellow metal's popularity is increasing due to shifting geopolitical landscapes and the devaluation of the US dollar. Goldman Sachs projects gold could reach $3700 by the end of 2025, and potentially $3880 if a recession occurs, leading to accelerated ETF inflows. This renewed focus on gold underscores its traditional role as a safe-haven asset in times of uncertainty, especially when emerging technologies like quantum computing introduce new risks to digital currencies.