“This week, Google announced Willow, a new chip that in five minutes was able to compute something that our current fastest supercomputer would have taken more time to do than the universe has existed. So immediately, of course, everyone thought, oh no, my Bitcoin. Fortunately though, this new quantum chip is not any good at guessing your wallet seed phrase, and it would apparently take a whole bunch of them specifically programmed to mine Bitcoin, or really to do anything practical so far anyway.

But at some point, theoretically, they’re going to be able to steal your Bitcoin, right? Or probably before that happens, quantum hackers are going to crack the legacy banking system. But not to alarm you, China has already created a computer with five times as many qubits as this new one announced by Google.

But there’s something bigger here. The future practical application really could be anything. It could be everything.

Just think with the entire universe of time worth of quantum computer power. Could do to speed up development of medicine or AI or robotics. And we’re at the very beginning.

Right now, the market cap for the entire quantum sector in the US is

“less than that of Dogecoin. Today on Dumb Money, how breakthroughs in quantum computing could be a generational investment opportunity.

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This episode is brought to you by AWS. Amazon Q Business is the generative AI assistant that can securely understand your business data, summarize results and streamline tasks. Learn what Amazon Q Business can do for you at aws.com/learn more.”

From Dumb Money Live: Willow: End of Bitcoin? Generational investment?, Dec 13, 2024
https://podcasts.apple.com/ca/podcast/dumb-money-live/id1498397344?i=1000680297053&r=69
This material may be protected by copyright.

From Dumb Money Live: Willow: End of Bitcoin? Generational investment?, Dec 13, 2024
https://podcasts.apple.com/ca/podcast/dumb-money-live/id1498397344?i=1000680297053&r=3
This material may be protected by copyright.