Bitcoin

The crypto market is already in extreme fear (Fear & Greed 11) with BTC down 10.93% in 7 days, so any non-immediate threat is likely ignored. However, repeated quantum claims can gradually erode long-term confidence in proof-of-work chains if they appear more credible. This event is part of a pattern where tech giants periodically hype quantum milestones, but actual scalable quantum computers remain years away.

Microsoft announced an upgrade to its controversial quantum chip, claiming it will enable scalable topological quantum computers, though researchers remain skeptical.