“Once there is a specific level of achievement in quantum computing that country, sovereign, or entity will end up being able to decrypt any encryption…that– will end up controlling the data universe”: Kyle Bass

"There is a massive race in quantum computing," says @Jkylebass. "Once there is a specific level of achievement in quantum computing that country, sovereign, or entity will end up being able to decrypt any encryption…that– will end up controlling the data universe."

Originally tweeted by Squawk Box (@SquawkCNBC) on October 12, 2021.