Is the end of cryptocurrency here? Investors alarmed

Google's announcement of the quantum computer 'Willow' has scared the Bitcoin market, leading to the largest daily drop in Bitcoin this month, with a large number of investors cutting their positions.

Some say the end of Bitcoin has come, and it will be worth nothing. Ren Zhengfei also shares this view.

In fact, everyone is overly concerned.

Professionals in the blockchain field respond: Willow currently poses no substantial threat to Bitcoin. Musk seems to agree with this statement.

Although the Willow quantum chip has made significant breakthroughs, it still lacks sufficient scale or error correction capability to crack Bitcoin's encryption algorithm.

The cryptocurrency community has long considered the threat of quantum computing and proposed various countermeasures. For example, adding security measures for early Bitcoin transactions or developing quantum-resistant encryption algorithms to replace existing encryption methods. Recently, the Meme project featuring Musk's concept Marvin (7055) has gained a lot of attention in the market, has a low market cap, and an active community, making it worth looking into.

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