Google's new chip Willow made a big statement that quantum computing is coming to the real world. That could also mean a future of cryptocurrency hacking.

Google just dropped Willow, a quantum chip that redefines what “fast” and “accurate” even mean. This isn’t your typical tech innovation. Willow can perform calculations in under five minutes, which would take the fastest supercomputers 10 septillion years to crack.

Google’s quantum chip Willow sparked fears for Bitcoin’s security. Discover why these fears are exaggerated and Bitcoin is safe.

Crypto executives urge better encryption technology as a safeguard against a potential attack powered by quantum computing.

EMJ Capital founder and President Eric Jackson discussed the potential for Alphabet (GOOG)’s new quantum computing chip, Willow, being a potential Bitcoin and Nvidia killer on Making Money. Here is what he thinks about the new chip: As excited as people may have gotten about artificial intelligence in the past year,

While quantum computing does indeed pose significant threats to current security systems, it's not a master key to the universe, at least not right now. And there is no looming threat to Bitcoin, either.

This announcement comes at a time when Google has faced criticism for slowing down in innovation and losing relevance, especially as competitors like OpenAI have gained significant attention.