TechFlow reported on December 10 that, according to The Block, Bernstein analyst Gautam Chhugani's latest research report indicated that although Google has released its first quantum chip, Willow, its 105-qubit computing power remains far short of the millions of qubits required to crack Bitcoin's ECDSA and SHA-256 algorithms.
Bitcoin’s recent drop below $100,000 was primarily driven by excessive leverage, not threats from quantum computing. The firm maintains its 12-month price target of $200,000 for Bitcoin and recommends investors "buy the dip" within the $95,000–$98,000 range. The report emphasizes strong ETF demand, along with持续 accumulation by institutions such as MicroStrategy, MARA, and Riot, supporting a positive long-term outlook.
Earlier reports, Google CEO Sundar Pichai unveiled the new-generation quantum computing chip Willow, with cryptocurrency venture expert Adam Cochran stating this breakthrough reduces the timeline for the crypto industry to address quantum computing risks to under 10 years.
