The Wall Street Journal has recently highlighted concerns about a potential quantum computing threat to Bitcoin, labeling it as a 'time bomb' waiting to explode. The article discusses the risks posed by advances in quantum computing to Bitcoin's security and the broader blockchain industry. With the unveiling of Google's Willow quantum computing chip, fears have escalated about the possibility of a quantum hack occurring sooner than expected. The article also mentions projections estimating significant financial losses if such an event were to occur. Despite the looming threat, experts believe there is time to address the issue by developing quantum-resistant cryptography. While the crypto industry faces challenges from quantum computing, efforts are underway to prevent a collapse. Overall, the article emphasizes the need for proactive measures to safeguard the industry against potential quantum threats. Read more AI-generated news on: https://app.chaingpt.org/news

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