As we have noticed, Google has publicly announced the results of the performance of their quantum computer. It has been stated that it can solve mathematical problems in 3 minutes and 20 seconds, which would take ordinary computers approximately 10,000 years to solve the same.
What is currently being said everywhere is that these computers cannot break the private keys of BTC and other cryptocurrencies, but that there is a certain amount of panic at the perfect moment when BTC finishes consolidation after rising from $ 3200 to $ 14,000, this news is very good an indicator of how skeptical people are about this and how much they really trust in such an "Unknown" technology, which is currently only discussed in superlatives and in which huge amounts of money are being invested in development.
One of the key pieces of evidence may be the coincidence or the fact of the above statement.
What it really is about...
First article (when I say first I mean the one that saw the most people at a given moment, and such articles are mostly coming from major media platforms like Financial Times), came at the perfect moment when BTC needed to take a crucial step in completing consolidation.
Here is the article we talking about:
From these charts we can easily see what we were talking about recently, which is a coincidence or the fact that people are still too skeptical about the rumors and do not really believe in all the media articles, and that many of them have been, at the same day, searching for an alternative solutions (like QRL), for a safe house from possible collapse due to panic selling of BTC and censorship about all the use case and possibilities of the new technology. Economic wars have been going on for years, and now, at a time when all nations are competing to perform the growth in this booming bubble, where alternative currencies like cryptocurrency, gold (the traditional place for escaping sovereign volatility and uncertainty), are on the menu, why would anyone who, at least a little bit, incorporates pure logic would believe in the story that those who were the first to come up with such (Quantum) technology, which is still a mystery to 99% of the planet's population, would try to explain or tell to everyone what they are capable now with such a technology. With understanding that facts, cryptocurrencies are an ideal feature for escaping "uncertainty" in global financial markets.
Another interesting fact is the following chart showing the total hash rate for BTC, where we can see an interesting phenomenon, which is a much wider channel of exponential growth trend.
Do not take this as financial advice or a trading signal, do your own research and if you wish, you can use this article as one of your leads for further research...