Why Did the Crypto Market Suddenly Dump?
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The recent market dip caused panic among crypto traders, but let’s break down the facts.
It all began with a tweet from Sundar Pichai, CEO of Google, announcing a breakthrough in quantum computing. Google unveiled a new chip that can solve complex computational problems in under five minutes.
Naturally, this sparked fear in the crypto community. Why?
Quantum computers are often seen as a threat to Bitcoin and other crypto currencies because of their potential to crack encryption. People assumed that $3.6 trillion worth of crypto assets might now be at risk.
But here’s the truth:
🔹 Bitcoin’s encryption requires over 1,000,000 qubits to crack.
🔹 Google’s current achievement? Just 105 qubits—a significant milestone, but nowhere near what’s needed to compromise Bitcoin’s security.
#MarketCorrection #BuyTheDipOrWait
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