Venture capitalist Chamath Palihapitiya deemed gold as the “only safe trade” Thursday following reports that quantum computers could crack Bitcoin’s (CRYPTO: BTC) encryption faster than anticipated.
What Happened: In an X post, Palihapitiya expressed concern about Bitcoin’s vulnerability to quantum computing and questioned the apex cryptocurrency’s safe haven narrative.
“If this is even remotely true, combined with everything else happening rn, the only safe trade are hard assets and, dare I say, gold,” the tech investor said.