Quantum Computing - Is the hype real?
Price is what you pay. Value is what you get. - Warren Buffett
Growing up, I was very interested in entrepreneurship and business. I once read a book on Warren Buffett that explains his methodologies and techniques for investment. It clearly explained the concept of compounded interest and how the power of exponentials can lead to huge returns if we start investing early.
I believe that since the growth of quantum computing is exponential, so will be the intrinsic value of the companies involved in quantum computing. This may lead to the rise of the technical value very fast once we get to an era of real quantum computers solving problems that once were discarded as unsolvable.
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Even though we are still in the NISQ era, we have already started making giant strides in the industry by meeting expectations way earlier. At this pace, investing in companies that are involved with this powerful technology may lead to profits comparable to the ones that early investors made with bitcoins.
In future, we may think of a possibility where markets are traded with bitcoins. It depends on a lot of factors and one of them is surely Elon Musk. The value of one single stock of Berkshire Hathaway is roughly 11 Bitcoins. The value proposition of blockchain is minuscule compared to what quantum computing has to offer. In fact, around 25% of Bitcoins can be taken out of older wallets if we know just the public key of that wallet with the help of quantum computers. So, the right measures are already being taken for a post-quantum world of encryption.
Therefore, it is very important to understand the value that quantum computing has and it's potential to change the world in unimaginable ways. I have been involved in discussions where we had concerns about whether the hype is real or not. In my opinion, it is very clear the direction in which we are heading is quite intriguing and magical to be fair. In conclusion, the hype will be real and not real at the same time. We will find out which one it is, only when we try to see for ourselves!
