Name: Google shocks the world with new a chip that could vanquish Nvidia and Bitcoin
Uploaded: 2024-12-18T00:50:05.000Z
Duration: 4 min 28 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

So my next guest says, this here, this is actually an NVIDIA killer and potentially a Bitcoin killer.

Future simple

So I'm gonna bring in our EMJ Capital founders, their president, Eric Jackson.

So let's first start though, let's back up a little bit.

What role is quantum going to play in our world?

Well, Charles, I mean, as excited as people have gotten in the last year and a half about AI, I mean, quantum is just the next level of that interest.

It's like more powerful computations, more powerful computers, faster solutions that you can imagine, more lifelike, you know, movies or music created at the snap of a fingers.

So perplexity suggests that there isn't an immediate threat to Bitcoin for several reasons, and we're gonna put them on the screen behind me in a moment, but not immediate, but they say that there will be a threat.

They say right now you've got specific applications, scale, error rates, and timeframe, but they also say, make no mistake, that they're on the path to actually being a threat to Bitcoin.

We used to think that, you know, a few days ago, you know, we thought Satoshi had kind of locked, you know, all the crypto wallets of the world, made them so secure, nobody could ever crack into these things, and that's part of what powered Bitcoin to 100K.

But the power of quantum computing is that, yes, it is actually theoretically possible that in the future, these quantum computers will be able to hack into all the crypto wallets.

Not just that, you know, if that wasn't bad enough, I mean, think about all the governments with sensitive data, all the companies, all the banks with sensitive data.

You know, the state of the art right now is RSA technology.

These mathematical formulas could be, you know, solved, you know, instantaneously and all of that data access.

And the fact that Google just dropped this chip out of the blue yesterday, it sort of signals that this world is moving much faster than we expected, and therefore, we're gonna have to have security in place to protect all this data and all these, you know, billions of Bitcoin around the world.

All right, two names that you like now, Rigetti and D-Wave, right?

I mean, these are both names that have had great runs.

They're up like, you know, 300% in the last month.

They are both SPACs from a few years ago.

They're both trying to build chips to kind of be as good or better than Google with these quantum chips.

So they are getting a boost from this Google news because there's a lot more investment that's gonna pour into this space.

So you need to pay attention to those names.

I also like a smaller company called BTQ that's in the business of being kind of like the post-quantum CrowdStrike.

So their job is to defend all these crypto wallets and all the sensitive data.

Last time I was on, Charles, you asked me to talk about 20 bagger.

I mean, BTQ is potentially a thousand bagger as they get right over the next 10 years.

Eric, I got the chart on the screen, BTQQF.

It's trading in a range here more recently, but you can kind of see, you know, the rate of change is starting to turn up a little bit here.

It looks like it's on a cusp of a breakout.

I guess if we would probably have to add a sort of a disclaimer, right?

Being on the pinks, being relatively small, more risk.

But to your point, this could be potentially a 20 bagger.

You know, yesterday there was a- I mean, the crazy- Go ahead.

The crazy thing is all these quantum companies, they all have very small revenues, even Regetti, even D-Wave and so forth.

And some people might say, oh, it's a bubble.

Yeah, but I think the market is sniffing out that this is where the puck is going, these quantum names.

And you got to be there now at the beginning if you want to participate in the huge bull run ahead.

Yeah, you know, yesterday I know Iceberg Research put a short on quantum computing.

And you probably get more folks attacking this.

But I agree with you in the sense that what we saw from Google today, almost out of left field, just shows us how exponentially this stuff is going.

Even ChatGPT caught the world flat-footed.

So quantum computing, Eric, I think your point is here to stay.

We're going to have to bring you off from time to time as the shorts attack these names, but I think folks need to listen and at least do some investigating.