HN Explorer

China and US rapidly developing quantum computers, yet Bitcoin is still $90k

5 points by r33b33 ↗ HN
Make it make sense.

Wouldn't the smartest thing to do right now is selling crypto, buying stock indices, gold at worse and real estate at best? At least you have your physical land deed with that.

14 comments

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breckenedge
What, you think they’ll crack encryption soon?

Crypto is a very liquid asset. And there is no way to move your real estate across borders.

r33b33
Yes, they will crack encryption soon.
readyplayernull
Knowledge is power, networked computers are rockets of the mind.
rini17
You believe they really have hundreds of usable (error-corrected) qubits, or will have in few years? IMO there is no reason to think such stuff exists, even if it were state secret there would be leaks. Because the research effort is massive.
r33b33
Yes, they will in a few years. Extrapolating AI accelerating developments that will help them achieve this. Either US or China, but it will happen.
rini17
If AI can achieve huge advancements like that in few years, then it can also disrupt everything else. Including any investment strategy you can come up with, no matter how smart.
r33b33
What if I use AI for my investment strategy?
rini17
Sure please do tell us :)
r33b33
Bitcoin finally falling, because normies realized quantum technologies will crack it. Nice. It's only downhill from here. But gold and real estate in geopolitically safe areas.
rini17
Yes, let's make long term investment decisions from today's flashes in the pan!
verdverm
Bitcoin price is based on vibes, not anything in the real world. It only holds value based on how popular it is
npoc
> It only holds value based on how popular it is

Popularity covers the demand side. For the supply, it's perfectly scarce.

In a world of fiat currencies effortlessly printed out of thin air, a liquid, divisible digital asset with perfect scarcity is going to be quite popular.