Google Quantum AI has released a white paper warning the cryptocurrency industry about potential quantum computing threats that could compromise encrypted wallets in less than 10 minutes under advanced quantum scenarios. The research highlights growing concerns about the long-term security of Bitcoin and other cryptocurrencies as quantum computing technology advances. While current quantum computers pose no immediate threat to Bitcoin's cryptographic security, the paper suggests that future quantum systems could potentially crack the encryption methods that protect cryptocurrency wallets and transactions. This has sparked discussions within the crypto community about the need for quantum-resistant cryptographic algorithms and protocol upgrades to ensure long-term security.