‘We are in a 2-5 year shot clock’ to crack Bitcoin, warns billionaire C. Palihapitiya
Chamath Palihapitiya, the founder and CEO of venture capital firm Social Capital, has offered a possible timeline for when the Bitcoin (BTC) encryption might finally be cracked, given the ongoing advancements in quantum computing. This projection follows Alphabet (NASDAQ: GOOGL), Google’s parent company, announcing the introduction of Willow, a quantum computing chip with 105 qubits. Palihapitiya believes that the encryption framework underpinning Bitcoin—SHA-256—could be cracked in the next two to five years due to advancements in quantum computing, he said during the All-In Podcast , published on December 13. Picks for you These are Solana's top holders as of December 2024 17 hours ago Here's when Bitcoin will hit $150,00...