Google Recently Warned That Quantum Computers Could Crack Bitcoin. Now It's Selling Protection.

One day, it's technically possible that a hacker equipped with a quantum computer could crack the encryption that underpins Bitcoin (BTC -0.44%).

So what does this mean for Alphabet's stock, and what does this mean for Bitcoin and other cryptocurrencies?

In case you aren't familiar, a private key is the secret password that enables the control of a crypto wallet.

According to Chainalysis data, hacked or otherwise illegally obtained private keys accounted for 43.8% of the crypto stolen in 2024.

Does Google's product make Bitcoin safer from quantum computers?