IonQ Unveils 20K Qubit Quantum Computer, Potentially Threatening Bitcoin Security by 2028
IonQ has announced a significant development in quantum computing that could potentially impact Bitcoin's security. The company revealed a blueprint for a full-stack system consisting of a 20,000-physical-qubit trapped-ion machine. According to IonQ, this device can run Shor's algorithm against secp256k1 in under 26 days.
This achievement aligns with IonQ's 2028 roadmap target, which highlights the absence of any Bitcoin consensus on post-quantum upgrades. The implications of this breakthrough are significant, as it could potentially allow for a quantum attack on the Bitcoin network.
Meanwhile, the current price of BTC is trading at $78,850.01 below the EMA50 resistance at $78,939.51. The MACD death cross confirms a bearish structure, and the RSI is at 46.88, leaving room for further downside before any relief rally develops.
The upper edge of the Bollinger band acts as short-term exhaustion, while the lower band offers support at $78,013.58.