Quantum Computing Fears Fail to Dent Bitcoin Price as IBM Sees $1 Trillion Boost

Jim Cramer's concerns about the impact of quantum computing on the stock market have fallen flat, while Bitcoin remains steady near $64K. Meanwhile, IBM CEO Arvind Krishna expects quantum computing to boost earnings by 2028 or 2029, with a projected revenue target of $1 trillion.

Cryptocurrency companies are taking steps to prepare for potential risks associated with quantum computing. Coinbase has launched a post-quantum custody system, PQ-CoreKMS, which will protect 99.9% of the assets under its custody.

Galaxy has pledged $5 million towards research on quantum-safe solutions, and ThunderCore has begun preparing for potential threats through a four-phase roadmap. BitGo is also launching new quantum protection tools to shield institutional Bitcoin wallets.