Investor Kevin O'Leary is evaluating IBM stock as a potential hedge against risks posed by quantum computing to Bitcoin. O'Leary notes that institutional investors remain on the sidelines due to a lack of regulatory clarity, specifically citing the stalled CLARITY Act, which failed to pass the Senate in September after receiving 49 votes against 50.
Concerns regarding quantum threats to cryptography are shared by figures like TRON founder Justin Sun, though experts like Jameson Lopp argue that current hardware is far from capable of breaking Bitcoin. Google's Willow chip currently features 105 qubits, while estimates suggest over 500,000 qubits are required to compromise Bitcoin's security.
IBM has outlined a clear timeline for its quantum development, with CEO Arvind Krishna projecting measurable revenue impact by 2028 or 2029. The company also plans to launch Starling, a large-scale fault-tolerant quantum computer, by 2029. O'Leary maintains his Bitcoin holdings while monitoring the intersection of quantum progress and regulatory developments.
