Blockchain Breaker And The Bitcoin Bust

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About: Winklevoss Bitcoin Trust ETF (COIN), BTC-USD, Includes: GLD, GOOG, GOOGL, PHYS, PSLV
by: John Peabody
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John Peabody
Long/short equity, value, tech, special situations
Summary

The price of Bitcoin dropped sharply (13%) yesterday.

News about Google’s quantum computing breakthrough may be a blockchain breaker.

A blockchain breaker could destroy the Bitcoin value proposition as a cryptocurrency.

This is another impromptu commentary in the crypto space arising from my reading a couple of interesting articles regarding an asserted Google (NASDAQ:GOOG) (NASDAQ:GOOGL) breakthrough regarding quantum computing. See, Ghost post!