Quantum Computing Will Be Bigger Than AI! What You Need To Know!

Coin Bureau
5 Mar 202424:26

Summary

TLDRThe video script delves into the emerging realm of quantum computing, highlighting its potential to surpass AI's impact on markets and cryptos. It explains how quantum computers' qubits enable exponentially more computational power, posing risks to encryption and cybersecurity. While detailing the quantum race between the U.S. and China, the script emphasizes the urgency for companies and cryptos to adopt quantum-resistant technologies. It predicts a 'qay' event, where quantum computers crack encryption, triggering a scramble for quantum-proofing solutions, with cybersecurity firms and quantum-resistant cryptos poised to benefit immensely.

Takeaways

  • ๐Ÿ‘พ The AI narrative has boosted stock markets and AI-related cryptocurrencies, but the next big thing seems to be quantum computing.
  • ๐Ÿ”ข Regular computers use binary code (0s and 1s), while quantum computers use qubits that can be 0 and 1 simultaneously, making them exponentially more powerful.
  • ๐Ÿ” Quantum computers pose a threat to encryption, potentially cracking codes used for emails, bank accounts, cryptocurrency wallets, and the internet itself.
  • ๐Ÿ‡จ๐Ÿ‡ณ China has been leading the quantum computing race, with massive funding and advancements like quantum communication lines and stable, high-qubit quantum computers.
  • ๐Ÿ‡บ๐Ÿ‡ธ The US and its allies have been lagging behind but are now increasing efforts and funding for quantum computing and quantum-resistant technologies.
  • โš ๏ธ Experts predict that quantum computers may achieve the ability to break encryption (known as 'Q-day') as soon as 2025, or it may have already happened.
  • ๐Ÿ›ก๏ธ Companies and institutions are scrambling to quantum-proof their encryption, with cybersecurity firms and quantum-resistant crypto projects likely to benefit.
  • ๐Ÿ’ฐ The quantum computing craze could be highly profitable, as every company and institution will need quantum-resistant technology urgently.
  • ๐ŸŒ Quantum computing is not a competitor to regular computing but excels at complex mathematical calculations and models.
  • ๐Ÿ”ญ While a 'ChatGPT moment' for quantum computing may not look like ChatGPT, the craze will likely be reactive rather than proactive, driven by encryption breaches.

Q & A

  • What is the main topic discussed in the video script?

    -The main topic discussed in the video script is quantum computing, its potential impact, and its comparison to the developments in the field of artificial intelligence (AI).

  • How do regular computers and quantum computers differ in terms of data processing?

    -Regular computers operate on binary code, which consists of combinations of 1s and 0s. In contrast, quantum computers use qubits, which can represent both 1 and 0 simultaneously, allowing for exponentially more powerful computations.

  • Why is quantum computing considered important, particularly in the context of encryption and cybersecurity?

    -Quantum computers have the potential to break many forms of encryption that secure digital technologies, including emails, phones, computers, bank accounts, and even cryptocurrencies. This makes quantum computing a significant threat to existing cybersecurity measures.

  • How does the script describe the current state of the quantum computing race between the United States and China?

    -According to the script, China appears to be leading the quantum computing race, with more funding, collaboration, and advancements in developing stable and powerful quantum computers. The script suggests that the US is lagging behind due to factors like the competitive nature of its free market economy and lower funding compared to China.

  • What is the significance of the term 'Q-day' or 'Qay' mentioned in the script?

    -The term 'Q-day' or 'Qay' refers to the day when a quantum computer officially cracks and breaks existing encryption methods. The script suggests that experts believe this could happen as soon as 2025, and some speculate that it may have already occurred.

  • What are the potential investment opportunities or areas that could benefit from the quantum computing craze, according to the script?

    -The script suggests that cybersecurity companies and quantum-resistant cryptocurrency projects are likely to benefit the most from the quantum computing craze, as there will be a scramble to quantum-proof encryption and implement quantum-resistant technologies.

  • How does the script compare the potential impact of quantum computing to that of artificial intelligence (AI)?

    -The script suggests that while the AI narrative has been dominating the market and capturing attention, quantum computing could potentially offer even bigger returns and have a more profound impact, as every company will need to implement quantum-resistant technologies once quantum computing becomes advanced enough to break encryption.

  • What is the purpose of mentioning Nancy Pelosi's alleged insider trading related to a cybersecurity company?

    -The script mentions Nancy Pelosi's alleged insider trading involving call options on a cybersecurity company as an example of potential insider knowledge or speculation about the impending quantum computing craze and its implications for cybersecurity companies.

  • What is the significance of the script mentioning an 'off-the-radar small cap quantum-resistant cryptocurrency' reviewed for members?

    -The script hints at an undisclosed quantum-resistant cryptocurrency project that was reviewed for members of the Coin Bureau Club, suggesting that such projects could potentially benefit from the quantum computing craze and the need for quantum-resistant cryptography.

  • What is the overall tone or message conveyed by the script regarding the quantum computing craze?

    -The overall tone of the script is one of anticipation and urgency, suggesting that the quantum computing craze is imminent and will likely lead to a scramble for implementing quantum-resistant technologies across various industries, with significant investment opportunities and potential profits for those positioned in the right areas.

Outlines

00:00

๐Ÿค– Quantum Computing: The Next Big Narrative

This paragraph introduces the idea that while the AI narrative has been dominating the tech industry, the next big narrative appears to be Quantum Computing. It explains that Quantum Computing startups have been raising significant funds, and the industry is on the brink of a breakthrough moment similar to ChatGPT. The paragraph sets up the topic by stating that it will cover what Quantum Computing is, why it's important, and how it could offer even bigger returns than AI.

05:02

๐Ÿงฎ Understanding Quantum Computing

This paragraph delves into explaining how regular computers work with binary code and how quantum computers work with qubits (quantum bits). It highlights the key difference that qubits can represent both 1 and 0 simultaneously, making quantum computers exponentially more powerful than regular computers. The paragraph also discusses the challenges in building quantum computers due to the instability of qubits and provides an analogy comparing qubits to spinning plates. It clarifies that quantum computers are not direct competitors to regular computers but can excel at specific complex mathematical calculations and models.

10:03

๐Ÿ” Quantum Computing and Encryption

This paragraph discusses the importance of Quantum Computing in relation to encryption. It explains how quantum computers could potentially crack various forms of encryption used for securing digital technologies, including email, phones, computers, bank accounts, and even the internet itself. It also uses Bitcoin wallets as an example to illustrate how quantum computers could theoretically crack private keys by using public keys. The paragraph highlights the potential threat quantum computers pose to encryption and the efforts being made by various entities, including banks and governments, to develop quantum-resistant encryption and technologies.

15:03

๐ŸŒ The Quantum Computing Race

This paragraph focuses on the ongoing race between the US and China in the development of Quantum Computing technology. It provides a timeline of significant milestones achieved by both countries, such as China's establishment of quantum communication lines and the US achieving quantum supremacy. The paragraph discusses China's advancements in quantum computing, including its stable 176-qubit quantum computer, and the efforts of the US and its allies to catch up through increased funding and collaboration. It also mentions the potential consequences of quantum computers cracking encryption, known as Q-day or Qay.

20:06

๐Ÿ“ˆ Profiting from the Quantum Computing Craze

This paragraph explores the potential impact and profitability of the Quantum Computing craze. It suggests that the craze is likely to come soon, not as an exciting retail application but as a reactive scramble to quantum-proof encryption. The paragraph predicts that cybersecurity companies and quantum-resistant cryptocurrency projects could benefit the most from this catalyst. It also mentions the possibility of a headline about a significant encryption breach by a quantum computer, which could trigger a frantic rush to implement quantum-resistant technologies. The paragraph encourages viewers to take advantage of the opportunities presented by the quantum computing craze.

Mindmap

Keywords

๐Ÿ’กQuantum Computing

Quantum Computing refers to the use of quantum-mechanical phenomena such as superposition and entanglement to perform computations. It allows for exponentially faster processing of certain types of complex calculations compared to classical computers. The video discusses quantum computing as a potential next big trend after AI, highlighting its ability to crack modern encryption methods, a concept referred to as 'Q-day'.

๐Ÿ’กCubits

Cubits (or qubits) are the fundamental units of information in quantum computers, analogous to classical binary bits (0 and 1) in regular computers. However, cubits can exist as both 0 and 1 simultaneously due to quantum superposition, allowing quantum computers to process exponentially more information with each additional cubit. The video explains how the power of quantum computers grows with the number of cubits.

๐Ÿ’กEncryption

Encryption is the process of encoding data to prevent unauthorized access. The video highlights that quantum computers pose a significant threat to modern encryption methods like public-key cryptography used in emails, banking, and cryptocurrencies. Their ability to quickly guess private keys from public keys could lead to a catastrophic breach of encrypted systems, an event dubbed 'Q-day'.

๐Ÿ’กQ-day

Q-day, or Quantum Day, refers to the hypothetical future event when a quantum computer successfully cracks modern encryption methods, rendering them obsolete. The video suggests that Q-day could arrive as early as 2025, prompting a scramble to implement quantum-resistant encryption across various industries and technologies.

๐Ÿ’กQuantum Supremacy

Quantum supremacy is the point at which a quantum computer can outperform the world's best classical supercomputer on a specific task. The video cites examples of Google and China claiming quantum supremacy in solving complex mathematical problems exponentially faster than classical computers.

๐Ÿ’กPost-Quantum Cryptography

Post-quantum cryptography refers to the study and development of cryptographic algorithms that are designed to be secure against attacks by quantum computers. As highlighted in the video, major tech companies like Apple and financial institutions are already implementing post-quantum cryptographic upgrades to future-proof their systems against the threat of quantum computing.

๐Ÿ’กQuantum Race

The quantum race refers to the competition between nations, particularly the United States and China, to achieve significant milestones and breakthroughs in quantum computing technology. The video discusses how China appears to be leading this race, with substantial funding and advancements in areas like quantum communication lines and stable, high-cubit quantum computers.

๐Ÿ’กQuantum Resistant Cryptocurrency

Quantum resistant cryptocurrencies are digital currencies that employ post-quantum cryptographic techniques to protect their encryption from being cracked by powerful quantum computers in the future. The video mentions cryptocurrencies like Algorand as examples of projects already working towards quantum resistance, and suggests that quantum-resistant crypto projects could significantly benefit from the quantum computing narrative.

๐Ÿ’กCubit Stability

Cubit stability refers to the ability of a quantum computer to maintain the coherence and integrity of its qubits (cubits) over time. The video highlights that while increasing the number of cubits exponentially increases a quantum computer's power, it also makes them more unstable and prone to errors. China's quantum computers are noted for their high cubit stability compared to their Western counterparts.

๐Ÿ’กQuantum Computing R&D

Quantum Computing R&D, or Research and Development, refers to the significant investments and funding being poured into advancing quantum computing technology by various nations and companies. The video contrasts the substantial funding allocated by China ($10 billion in 2018, estimated $20 billion annually currently) with the comparatively smaller investments made by the United States.

Highlights

The AI narrative has taken stock market, indices and AI-related cryptos to new, all-time highs, leading to the question of what the next big narrative will be.

The answer seems to be Quantum Computing, as Quantum Computing startups have been raising hundreds of millions of dollars from VCs, and the industry is reportedly on the brink of a 'chat GPT moment'.

Regular computers run on binary code consisting of ones and zeros, while quantum computers consist of qubits that can be a one and a zero at the same time.

The amount of information that a quantum computer can produce grows exponentially with the number of qubits, making quantum computers exponentially more powerful.

Quantum computers are very difficult to build because qubits are inherently unstable and become even more unstable as their number increases.

Quantum computers are not competitors to regular computers, as there are only a small handful of functions that quantum computers can do better, such as very complex math calculations and models.

All digital technologies and processes are secured by code that could be cracked by a quantum computer, including emails, phones, computers, bank accounts, and even the internet itself.

Quantum computers could even crack a cryptocurrency wallet and steal all its coins and tokens, making it a hot topic in the crypto industry.

The day that a quantum computer officially cracks encryption is known as 'Q-day', and it is predicted to come as soon as 2025 by some Quantum Computing experts.

China and its allies have been advancing in Quantum Computing, while the US and its allies have been lagging for over a decade.

China is reportedly spending as much as $20 billion on Quantum Computing R&D every year, as part of its five-year Quantum Computing plan.

In 2022, Chinese companies reportedly began leveraging quantum computers as part of their operations, a terrifying prospect considering their ties to the Chinese Communist Party (CCP).

China's 176-qubit quantum computer is reportedly very stable, even more stable than IBM's 433-qubit quantum computer, due to the way stability is measured from the first qubit.

The quantum computing craze is likely to come soon, rather than later, but it will be reactive rather than proactive, as a scramble to quantum-proof encryption occurs.

Cybersecurity companies and quantum-resistant crypto projects are likely to profit the most from this catalyst, as companies will need to quickly quantum-proof their encryption.

Transcripts

play00:00

the AI narrative has taken stock market

play00:03

indices and AI related cryptos to new

play00:06

all-time highs so this begs the question

play00:09

of what the next big narrative is going

play00:12

to be well the answer seems to be

play00:15

Quantum Computing you see while everyone

play00:18

has been focused on the AI narrative

play00:21

Quantum Computing startups have been

play00:23

raising hundreds of millions of dollars

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from VCS and the industry is reportedly

play00:29

on the brink of a chat GPT moment that's

play00:32

why today we're going to tell you

play00:34

everything you need to know about

play00:35

Quantum Computing including what it is

play00:38

why it's important and how it could

play00:41

offer even bigger returns than AI will

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stay

play00:46

tuned okay so to understand what Quantum

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Computing is you first need to

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understand how regular computers work

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every single computer runs on something

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called binary code as the name in

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implies binary code consists of two

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numbers one and zero different

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combinations of ones and zeros represent

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different bits of information for

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example 0 1

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00001 represents the letter A the other

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letters and their binary code

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combinations can be seen here now

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believe it or not but literally

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everything a computer does all the

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applications functions processes Etc are

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fundamentally based on a very long and

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complex combination of ones and zeros if

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you want to see how that's even possible

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then we strongly suggest watching videos

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about the Redstone computers that people

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have made in Minecraft basically the

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game introduced items that can function

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like ones and zeros and Minecraft nerds

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managed to build literal in-game

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computers from this primitive nerds eh

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now whereas regular computers ultimately

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consist of bits of ones and zeros

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quantum computers consists of cubits

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bits of information that can be a one

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and a zero at the same time obviously

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this is even more difficult to wrap your

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head around and exactly how this is done

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is outside the scope of this video that

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said though the easiest way to

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understand cubits is to comp compare

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them to bits so suppose you have two

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bits a one and a zero what you have is

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two bits of information in total however

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if you have two qits you have four bits

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of information in total this is possible

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because there are four possible

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combinations of the one and the zero 1

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one 0 0 0 1 and 1 0 put simply the

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amount of information that a quantum

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computer can produce grows exponentially

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with the number of cubits in this case

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it would take four 2bit computers to

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create the same number of outputs as a 2

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Cubit quantum computer this makes

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quantum computers exponentially more

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powerful so to put things into

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perspective the most powerful quantum

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computer consists of over 1,000 cubits a

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threshold that was only surpassed last

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late last year despite Quantum Computing

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being around since the late '90s this

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quantum computer can produce an amount

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of information equal to one with

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301 zeros behind it now as I just hinted

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quantum computers are very difficult to

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build this is because cubits are

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inherently unstable and they become even

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more unstable as you increase their

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number one way to think about this is to

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imagine each Cubit as a spinning plate

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on a pole an appropriate analogy given

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their nature for those unfamiliar with

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plate spinning it's a popular circus act

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which consists of well spinning a plate

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at the top of a pole for the plate to

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keep spinning you must move the pole

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just right now imagine putting another

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spinning plate on top of the first one

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that's what building a quantum computer

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is like apparently anyway it's important

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to note that quantum computers are

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technically not competitors to regular

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computers that's because there are only

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a small handful of functions that

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quantum computers can do better than

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their regular counterparts namely very

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complex maths calculations and models

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other functions like for instance

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watching this YouTube video are not

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something that a quantum computer could

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do better if you don't understand why

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this is look no further than the devices

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that you use every day this video is

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practically the same whether you watch

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it on an old iPad or a brand new gaming

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PC graphics not withstanding and by the

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way however you're watching this video

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if you're enjoying it so far then please

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do smash that like button to give it a

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boost And subscribe to the channel and

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ping that notification Bell so you don't

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miss the next one I was trapped inside a

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cage a cage made out of the a Daily

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Grind I was so unfulfilled I felt like a

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blank sheet of A4 paper something was

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missing from my life but I didn't know

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what but then I found what I'd been

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missing the coin Bureau deals page was

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to answer to my prayers it had

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everything I needed to make me complain

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Exchange sign up bonuses of up to

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$50,000 the biggest discount on the best

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hardware wallets trading fee discounts

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on of up to 60% on the best crypto

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exchanges exclusive altcoin Alpha thank

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you coin Bureau for bringing me back to

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life now if quantum computers aren't

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really competitors to regular computers

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you might be wondering why they're so

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important and why the industry could

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have more potential than AI one word

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encryption All Digital Technologies and

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processes are secured by code that could

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be cracked by a quantum computer these

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include your email your phone your

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computer your bank account and even the

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internet itself a quantum computer could

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even crack a cryptocurrency wallet and

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steal all its coins and tokens and this

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is why it's been a Hot Topic in the

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crypto industry for years albeit one

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that fell off the radar until recently

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in fact we can use Bitcoin as an example

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of how a quantum computer could crack

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into all the other forms of encryption

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as a fun fact Bitcoin wallets use the

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same kind of cryptography as emails the

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kind in question is called public key

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cryptography and it consists of two

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things a private key and a public key

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the public key of a Bitcoin wallet is

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like your email address it's publicly

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viewable and can be used to receive

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emails or in this case receive BTC

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the private key of a Bitcoin wallet

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meanwhile is like the password for your

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email address it's private and is

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required in order to send emails or in

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this case send BTC the key takeaway pun

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very much intended is that the public

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key effectively comes from the private

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key in other words there is a link

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between the two this means that it is

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theoretically possible to get someone's

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private Key by by using their public key

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be it an email address or a Bitcoin

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wallet address in the case of an email

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address this would involve guessing all

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the possible password combinations as

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another fun fact the average password is

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around 10 characters long the total

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possible combinations of 10 character

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passwords consisting of uppercase

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letters lowercase letters numbers and

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symbols is a number with 38 zeros in the

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case of a Bitcoin wallet this would

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likewise involve guessing all the

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possible private key

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combinations and the total possible

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combinations of private keys on bitcoin

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is a number with 78 zeros this means

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that a quantum computer could crack your

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email and your Bitcoin wallet without

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breaking a sweat recall that the most

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powerful one can process information up

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to 301 Z now it goes without saying that

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this is a very simplistic calculation it

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would also be easier said than done

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because quantum computers can only

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operate for less than a second at a time

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according to a 2022 paper the thing is

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that Quantum Computing is evolving fast

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as is the Potential Threat it poses

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there have recently been reports of

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multiple breakthroughs in the quantum

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Computing industry related to everything

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from more cubit to improved Cubit

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stability in fact the world economic

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Forum even noted Quantum Computing as

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one of the biggest risks to watch in its

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2024 Global risks report and that

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reminds me if you've been keeping track

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of our coverage of Central Bank digital

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currencies you might recall that one of

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the reasons why the US has been lagging

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other countries on cbdcs is because it's

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been working on making its digital

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dollar Quantum resistant before it

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launches and funnily enough JP Morgan

play10:02

announced that it was working on a

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Quantum resistant blockchain around the

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same time I'll remind you that bank

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accounts could also be cracked by a

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quantum computer thankfully many of the

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largest banks are making progress

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towards Quantum proofing themselves and

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if you're concerned about Bitcoin and

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other cryptocurrencies well don't be

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Quantum resistant in cryp for private

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Keys could be easily introduced with a

play10:32

soft fork in bitcoin's case and some

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cryptocurrencies have already taken

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steps towards Quantum resistance namely

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algorand but back to the quantum

play10:45

Computing developments besides all the

play10:48

news about Quantum breakthroughs there's

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been lots of news about Quantum related

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funding Partnerships and protections

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over the last year or so for starters

play10:59

IBM Google and Microsoft formed a

play11:02

postquantum coalition last September in

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November a UK Quantum Computing company

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announced that it had raised $100

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million from Japan's SBI and earlier

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this year JP Morgan led a $500 million

play11:18

funding round into a us-based Quantum

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Computing firm giving it a valuation of

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over $5

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billion that is AI level value ation and

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what's interesting is that there

play11:32

actually wasn't that much Quantum

play11:34

related funding in 2023 it was 50% lower

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in fact than usual and totaled around $2

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billion a recent report revealed that

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the crash in funding last year was due

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to all the hype around Ai and it

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predicted a significant recovery in

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funding this year so far it looks like

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this prediction is coming true but not

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for the reasons that you'd think

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just recently Apple announced that it

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had made its iMessage feature Quantum

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resistant the tech giant noted that this

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was quote the most significant

play12:11

cryptographic security upgrade in

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iMessage history now I want you to take

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a second to think about why Apple would

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do this and while you're at it think

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about why JP Morgan is suddenly

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investing hundreds of millions of

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dollars into Quantum security

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and why big Tech Giants are starting to

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form postquantum

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coalitions logically they are concerned

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about Quantum the real question

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therefore is why now after all quantum

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computers have been around for years and

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the postquantum cryptography many of

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these entities are implementing has

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apparently been around since the

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1980s well the answer is obvious when

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you zoom out and look at Quantum

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Computing through through a global lens

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in short the US and its allies have been

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lagging in Quantum Computing for over a

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decade and can you guess who's been

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advancing that's right China and its

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allies in January last year China

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reportedly managed to break Classical

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encryption using its quantum computers

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you know private Keys public keys this

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seems to have been the Catalyst for the

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sudden surge in Quantum Computing

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interest from the US and its allies and

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it looks like the funding is finally

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starting to flow what's fascinating is

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that the reason why the US is so behind

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is believed to be due to the incentives

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at play in free market economies as

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we've seen with AI us companies are very

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hesitant to share their secret source

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with their

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competitors in China however essentially

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every company is affiliated with the

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Chinese Communist party or CCP the

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Practical outcome of this is forced

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collaboration which is pushing China's

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Quantum Computing industry ahead and

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it's not just the environment either

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it's also the money back in 2018 then US

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president Donald Trump announced 1

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billion dollar in funding for Quantum

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Computing research and development the

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year before however the CCP had spent no

play14:30

less than $10 billion on Quantum

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Computing R&D current estimates are that

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China is spending as much as $20 billion

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on Quantum Computing R&D every year this

play14:45

increased funding is a part of the

play14:48

five-year Quantum Computing plan

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revealed back in

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2021 and the craziest part of all this

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funding is that it seems to be paying

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off and the Quantum race is heating up

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now from what we can tell it looks like

play15:03

the quantum Computing race between the

play15:05

US and China first started to heat up in

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2017 this was when China announced that

play15:11

it had established the first Quantum

play15:14

communication line between Beijing and

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Shanghai notably this communication line

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is apparently impossible to hack in 2019

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Google responded with its own update

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noting it had achieved quote Quantum

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Supremacy with its 54 Cubit quantum

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computer it managed to find the solution

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to a maths problem in 200 seconds that

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it claims would have taken 10,000 years

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for the most powerful regular computer

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to solve two years later however China

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solved the same maths problem using its

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own quantum computer the difference was

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that China's quantum computer did it 1

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million times faster using a 66 Cubit

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computer in between China had managed to

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achieve Quantum communication via

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satellites for the first time by the end

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of 2021 China was using Quantum

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resistant Satellite Communication to

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protect its power grid from cyber

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attacks the US power grid has since been

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hit by multiple cyber attacks and there

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has been speculation about the

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possibility of a large scale Cyber

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attack that would take down the entire

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us grid on that note you should know

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that the elites ran some Cyber attack

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simulations not that long ago more about

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those in the description I digress now

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in 2022 Chinese companies reportedly

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began leveraging quantum computers as

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part of their own operations a

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terrifying Prospect when you consider

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their CCP ties less than a year later

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there were reports of quantum computers

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being made available for retail use

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though these have been questioned last

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year China revealed a

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176 Cubit quantum computer as well as a

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prototype for a

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255 Cubit quantum computer that's

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apparently still in the works now of

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course this pales in comparison to the

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over 1,000 Cubit quantum computer

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revealed by a Californian company late

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last year but there's one big caveat

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you'll recall that cubits are inherently

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unstable and they become even more

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unstable as you add to their number

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based on the information we could find

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China's 176 Cubit quantum computer is

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very stable even more stable in the 433

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Cubit quantum computer developed by IBM

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last year again this makes sense given

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that IBM's computer has more cubits but

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that's only half the story stability is

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apparently measured from the first cubid

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thereupon it's assessed how much more

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unstable a quantum computer becomes with

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each additional Cubit with two cubits

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IBM's quantum computer has an error rate

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of almost 4% conversely China's quantum

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computer has an error rate of less than

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1% with two cubits again it's safe to

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say that this is an oversimplification

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and I'll reiterate that we're not

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Quantum Computing experts it's arguably

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irrelevant however as both quantum

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computers are more than capable of

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cracking encryption as a fun fact the

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day that a quantum computer officially

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cracks encryption is known as qay and

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Quantum Computing experts at least the

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ones cited by Reuters believe it will

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come as soon as

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2025 some believe that qay has already

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happened and that sensitive information

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is already being leaked so this brings

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me to the big question or rather two big

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questions the first is when the quantum

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Computing craze will come and the second

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is how can you profit from it well I'll

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start by saying that it's very unlikely

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that Quantum computing's chat GPT moment

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will look anything like chat GPT

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assuming this moment does in fact come

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this is again because quantum computers

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are technically not competitors to

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regular computers unless you're running

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some Advanced mathematical models you

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don't really need a quantum computer

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this is presumably why there hasn't been

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a push for retail quantum computers

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though a few do exist what's more likely

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to happen is that we're going to see a

play19:47

headline in the coming months about how

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a quantum computer managed to break the

play19:52

encryption of a significant individual

play19:55

or institution remember how experts are

play19:58

are predicting this could happen as soon

play20:01

as

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2025 well it will probably be sooner

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this is again because the pace of

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quantum computer development has been

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increasing faster than expected much

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like AI this can again be seen by

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looking at how Quantum Computing has

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changed in the context of crypto back in

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2019 it was estimated that it would take

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20 to 30 years to crack a crypto wallet

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by 2022 however these decades were

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shortened to years and the more recent

play20:33

developments seem to have shortened this

play20:35

timeline even more when you combine this

play20:39

with the fact that Tech giants like

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apple are suddenly postquantum proofing

play20:43

their Tech it certainly suggests that

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qay is around the corner and this gives

play20:50

two big answers to those two big

play20:53

questions the first is that the quantum

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Computing craze is likely to come soon

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rather than later but it will be

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reactive rather than proactive put

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differently it won't be some exciting

play21:05

retail application like chat GPT it will

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instead be a scramble to Quantum proof

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encryption and this ties into the second

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answer and that's that cyber security

play21:16

companies will likely profit the most

play21:19

from this Catalyst if it occurs as it so

play21:22

happens alleged Insider Trader Nancy

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Pelosi recently purchased call option on

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a cyber security company after Congress

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was briefed on a potential national

play21:33

security threat H probably nothing in

play21:37

our estimation though it's possible that

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Quantum resistant crypto projects will

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benefit even more that's because once we

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do get a headline about some bigwigs

play21:48

encryption being broken you can bet that

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the scramble to Quantum proof

play21:52

cryptocurrencies will be even more

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frantic than in The Wider economy and

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and because cryptocurrencies can move

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faster than regular companies can it's

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likely that we'll get news of quantum

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resistant Tech being rolled out much

play22:08

faster in the crypto Market than in the

play22:10

stock market as I mentioned earlier

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there are already a few Quantum

play22:15

resistant cryptos out there but the list

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isn't long more importantly the lists

play22:21

that currently exist don't actually seem

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to include all the quantum resistant

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cryptos that are available and it so

play22:28

happens we recently reviewed an off- the

play22:31

radar small cap Quantum resistant

play22:33

cryptocurrency for our coin Bureau club

play22:35

members and you can find out more about

play22:37

that in the description now I can't

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stress enough just how profitable the

play22:43

quantum craze could be whereas most

play22:46

companies can optimize their operations

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with AI in the future every single

play22:52

company is going to need Quantum

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proofing the moment qay comes and they

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will need it right away not in a few

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months or years time so any companies or

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crypto projects offering Quantum

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resistant technology could go vertical

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as a result although there is no

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guarantee that qay will come anytime

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soon I think we can all agree that the

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conditions are there for it to happen

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sooner rather than later let's just hope

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we aren't affected

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directly and that's all for today's

play23:25

video folks so if you learned something

play23:27

new smash that like button to let us

play23:29

know if you want to keep learning be

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sure to subscribe to the channel and

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ping that notification Bell and if you

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want to help others learn about this

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important topic then be sure to share

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this video with them also if you happen

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to be into crypto then you need to check

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out the coin Bureau deals page because

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it's got trading fee discounts of up to

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hardware wallets too these deals are

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available for a limited time only so do

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take advantage of them ASAP using the

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link down below okay thank you all so

play24:10

much for watching and I'll see you in

play24:12

the next one this is Guy logging

play24:16

[Music]

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off

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