Alphabet Inc.(NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiaryGoogle'sunveiling of its next-generation quantum chip, "Willow" has sent ripples through the tech world, with its lightning-fast computation capabilities stoking concerns forBitcoin(CRYPTO: BTC) and other cryptocurrencies.

What happened: The new chip, developed at the company's California quantum lab, can solve a standard benchmark computation in under five minutes, a task that would take the world's fastest supercomputers 10 septillions, or 10^25, years to solve.

The fear is, it would break the much-vaunted Bitcoin security.

For context, Bitcoin's decentralized and trustless structure is powered by cryptography...