Quantum tech threatens Bitcoin security: According to Chamath Palihapitiya, it could take about 8,000 Willow quantum chips to break Bitcoin’s SHA-256 encryption within the next two to five years. This presents a critical concern for blockchain security.

Need for new hashing algorithms: Palihapitiya emphasizes that blockchain networks must update their hashing algorithms to protect against emerging quantum threats. He highlights that scalability of quantum technologies could significantly increase risks for Bitcoin and crypto security.