Quantum computing will be a massive game-changer for all of us.
In fact, according to McKinsey, it could take computing and the ability to solve complex problems quickly to a “whole new level.” They also believe it could create a $1.3 trillion opportunity by the time 2035 rolls around.
Quantum computing is a huge leap forward because “complex problems that currently take the most powerful supercomputer several years could potentially be solved in seconds,” said Charlie Campbell for Time. This could open “hitherto unfathomable frontiers in mathematics and science, helping to solve existential challenges like climate change and food security.”
It could help speed up new drug treatment discoveries. It may even help speed up financing and data speed, assist with climate change issues, cybersecurity and other mind-boggling complex issues faster than a regular computer.
There’s just one problem.
Quantum computers are so powerful, they can break encryption in a matter of seconds.
Experts refer to it as Q-Day, the day quantum computers crack the code on some of our most important information, including banking systems, emails, cryptocurrencies, AI, and even national defense and government communications.
Quantum computers aren’t just faster versions of existing technology.
They’re a whole new beast, which can explore countless possibilities at once, coming to a solution within seconds. That’s why tech giants are throwing billions of dollars at protecting themselves from problems.
“Quantum computers can threaten the security of information systems and the data they contain, including those controlled by the federal government. For instance, quantum computers could defeat widely used encryption methods that individuals, federal agencies, and critical infrastructure entities rely on,” says Marisol Cruz Cain, Director of Information Technology and Cybersecurity at the U.S. Government Accountability Office.
So, how can we trade this?
One way to trade it is by diversifying with cybersecurity ETFs such as:
Global X Cybersecurity ETF (SYM: BUG)
“The Global X Cybersecurity ETF (BUG) seeks to invest in companies that stand to potentially benefit from the increased adoption of cybersecurity technology, such as those whose principal business is in the development and management of security protocols preventing intrusion and attacks to systems, networks, applications, computers, and mobile devices,” says Global X.
iShares Cybersecurity and Tech ETF (SYM: IHAK)
According to iShares, “The iShares Cybersecurity and Tech ETF seeks to track the investment results of an index composed of developed and emerging market companies involved in cyber security and technology, including cyber security hardware, software, products, and services.”
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Written by Ian Cooper