A groundbreaking quantum computing development by Google has significantly reduced the number of qubits needed to break RSA encryption, potentially impacting cryptocurrency security. This achievement could pose a significant risk to cryptocurrencies like Bitcoin and those utilizing similar cryptographic methods. The research led by Craig Gidney and Sophie Schmieg highlights the urgency for developing quantum-resistant cryptography solutions. 20 times fewer qubits are now required to crack RSA encryption compared to previous estimates, leading to discussions within the cryptography community regarding the future of security measures. Though a theoretical breakthrough, this development underscores the need for proactive responses from both industry leaders and regulatory bodies.