PsiQuantum facility groundbreaking renews debate on threat to BTC

The start of construction on quantum computing startup PsiQuantum's new facility, the first practical-scale quantum computer in the U.S., has reignited the debate over the potential threat to Bitcoin (BTC), BeInCrypto reported. The facility is scheduled for completion in 2028. Industry figures are divided on the issue. Michael Saylor, founder of MicroStrategy, Charles Hoskinson, founder of Cardano, and Cory Klippsten, CEO of Swan Bitcoin, believe the threat is overstated. In contrast, David Carvalho, CEO of Naoris Protocol, has predicted that blockchain encryption algorithms could be broken within two to three years. PsiQuantum co-founder Terry Rudolph stated in July of last year that the company's quantum computer would not be used to extract private keys.