Breakthrough Wealth's 'America's New Quantum Dollar' — The Quantum Computing Stocks Behind the Encryption Scare

The Hook

Dylan Jovine’s Breakthrough Wealth newsletter opens with a genuinely compelling scenario: “Something irreversible is happening to the money in your bank account. It wasn’t voted on. It wasn’t debated in the Senate. It wasn’t announced on the evening news. But out of public view, the most powerful people in our government have reached a frightening conclusion: the foundation under the U.S. dollar is no longer safe.”

The fear is quantum computing. Specifically, the idea that quantum computers will eventually break the encryption that secures every digital dollar, every bank transfer, every credit card transaction. The government knows this. On June 22, 2026, the President signed two executive orders, one launching a national quantum computing program, one ordering federal agencies to migrate to quantum-resistant encryption.

Jovine’s argument is that “one $20 American company at the center of it” will be the primary beneficiary. That company is Rigetti Computing (RGTI), a pure-play quantum chip maker. He backs it up with three bonus picks: Alphabet (GOOGL), Microsoft (MSFT), and the Defiance Quantum ETF (QTUM) as a freebie.

As we’ve covered in our profile of Jovine’s track record, he built his own broker-dealer at 100 Wall Street by age 24 and called the 2006 housing crash, genuine credentials. But his marketing also has a pattern of claiming full returns on stocks he told subscribers to sell early, and this pitch follows that template.

The subscription costs $1,997 per year or $2,997 for a “lifetime” membership, with a 30-day refund window. Let’s walk through each pick, what the government actually did, and whether the quantum dollar thesis makes sense.

The Big Claim

Jovine compares this opportunity to his past recommendation of Palantir (PLTR), which he recommended at $7.38 and which he says returned “2,700% in under four years.” He frames Rigetti as a similar asymmetric bet: a small company at the center of a massive government-driven technology transition that the market hasn’t priced in yet.

The “quantum dollar” framing is catchy: if quantum computers can break encryption, then the entire digital financial system needs to be rebuilt on quantum-resistant foundations. The companies building the hardware for that transition, and the cybersecurity infrastructure to protect it, stand to capture enormous value.

The primary pick (RGTI) is the pure play. The bonus picks (GOOGL, MSFT) are established tech giants with quantum programs. The ETF (QTUM) is the diversified safety net.

The Mechanism

RGTI (Rigetti Computing), The Pure Play

Rigetti is exactly what Jovine says it is: a company that builds superconducting quantum processors and nothing else. It put its Cepheus 108-qubit system onto Amazon’s AWS Braket cloud platform in April 2026, making it one of the first companies to offer 100+ qubit gate-based quantum computing as a cloud service.

In May 2026, Rigetti was one of nine companies that received a letter of intent from the federal government for up to $100 million in CHIPS Act funding. The government would take an equity stake as part of the deal, the kind of direct ownership position that is relatively unusual for federal R&D programs.

Rigetti trades around $17.65 as of August 10, 2026, up about 25% from the $14.15 tease price. The stock is up roughly 19% year-to-date in 2026, though it’s down about 20% from its 2026 high of $27.03, reflecting the wild swings typical of pre-revenue quantum stocks.

The reality check: Trades at over 100x forward revenue estimates. No path to profitability. Revenue is measured in the low millions (the company reported Q2 2026 results with a loss of $0.05 per share). You cannot value RGTI on financials, you can only value it on the belief that quantum computing becomes commercially viable and Rigetti captures a meaningful share of that market. That may happen. But you should know you’re betting on a narrative, not a business.

GOOGL (Alphabet), The Titan

The “Bonus Report #2” pick is Alphabet, specifically for its Willow quantum chip. In late 2024, Willow crossed the “quantum supremacy” threshold by running a computation in under five minutes that would take the fastest classical supercomputer longer than the age of the universe.

Alphabet has been investing in quantum computing for over a decade through its Google Quantum AI lab. The company has the deepest war chest in the quantum race, and quantum is one of its “other bets”, alongside Waymo, DeepMind, and Verily, that could generate enormous value over time.

GOOGL trades around $357.52, up about 12% from the $319.71 tease price. Year-to-date, it’s up about 14%.

The reality check: Quantum is a rounding error on Alphabet’s balance sheet. The company generated $350 billion in revenue last year, almost entirely from advertising. Even if quantum computing becomes a $100 billion industry in 20 years, Alphabet’s share won’t move the needle on earnings for a very long time. You buy GOOGL for search, YouTube, and cloud, quantum is a free call option.

MSFT (Microsoft), The Gateway

The “Bonus Report #4” pick is Microsoft, identified through Jovine’s clue about “a radical, parallel bet on a completely different kind of qubit.” That’s Microsoft’s topological qubit approach, embodied in its Majorana 1 chip. Unlike superconducting qubits (Rigetti, Google, IBM) or trapped ions (IonQ), topological qubits are theoretically more stable and less error-prone. If Microsoft can make them work at scale, they could leapfrog the competition.

Microsoft’s Azure Quantum platform also positions it as the “gateway” through which enterprises access quantum computing, regardless of whose hardware is running underneath.

MSFT trades around $492-501, up about 29-31% from the $381.70 tease price. Forward P/E around 21.

The reality check: Like GOOGL, quantum is a tiny fraction of Microsoft’s business. The company’s near-term story is about AI (via OpenAI), cloud (Azure), and enterprise software. The topological qubit approach is genuinely innovative, but it’s also unproven at scale. Microsoft has fallen from its “AI King” status as Anthropic and other competitors gained ground, but it remains one of the most durable tech franchises in the world.

QTUM (Defiance Quantum ETF), The Freebie

The free recommendation is the Defiance Quantum ETF (QTUM), which holds roughly 70 quantum-related companies. It’s up about 8% from the $140 tease price (currently ~$151.69). It’s the safest way to get broad quantum exposure, but it’s also highly correlated to quantum hype cycles, when quantum stocks rally, QTUM rallies, and vice versa.

The Real Pick

All four picks are up since Jovine’s tease, which is better than many newsletter promos manage. RGTI’s 24.7% gain is notable for a pre-revenue quantum stock, though it’s worth remembering that these stocks can move 20% in either direction on any given day.

Does the Math Check Out?

The Palantir comparison: Jovine frequently cites his Palantir recommendation at $7.38 as evidence he can spot asymmetric tech bets. This deserves context. StockGumshoe’s Travis Johnson has noted that Jovine recommended selling PLTR in the fall of 2024 when the stock was around $40, roughly a 300% gain, not the 2,700% he cites. The stock did eventually reach $200+, but Jovine’s subscribers who followed his sell recommendation didn’t capture those gains. Managing a real portfolio means making sell decisions, and claiming credit for the full run is misleading. That said, calling PLTR at $7.38 in the first place was genuinely impressive, 300% is nothing to sneeze at.

The “government selected Rigetti” framing: In May 2026, the government signed letters of intent with nine different quantum companies, not one. The recipients included IBM, GlobalFoundries, D-Wave (QBTS), Infleqtion (INFQ), Quantinuum (QNT), and three private companies (Atom Computing, Diraq, PsiQuantum). Rigetti was one of nine. The pitch makes it sound like Washington singled out Rigetti, when in reality the CHIPS Act is spreading bets across the entire domestic quantum ecosystem. This is the same pattern we saw in Porter Stansberry’s “Silicon Dollar” thesis, real government action, real funding, but distributed across many companies rather than concentrated in one.

The encryption migration timeline: The transition to quantum-resistant encryption is real and important. NIST has published post-quantum cryptography standards. Banks and government agencies are working on migration plans. But this is an incremental, decade-long process, not a sudden “rip and replace” that creates overnight windfalls for any single company. The executive orders on June 22, 2026, formalized a process that was already underway.

Rigetti’s revenue reality: The company reported Q2 2026 with a loss of $0.05 per share. Revenue is in the single-digit millions. The company’s market cap is roughly $6 billion based on recent prices. That’s a price-to-sales ratio well north of 100x, and those sales aren’t growing fast enough to justify the multiple through fundamentals. This is a pure sentiment/narrative stock.

The Verdict

Don’t buy Breakthrough Wealth for the quantum picks. All four stocks are publicly identified in StockGumshoe’s free article. You don’t need a $1,997 subscription to know that Rigetti, Alphabet, Microsoft, and the QTUM ETF are the quantum plays. The newsletter’s value proposition, exclusive access to “secret” picks, doesn’t hold up when StockGumshoe identifies them in a free article published the same week.

Rigetti is a speculation, not an investment. If you want pure quantum exposure and can stomach 20% daily swings, RGTI is the vehicle. But know that you’re betting on a technology that might not be commercially viable for 5-10 years, from a company with negligible revenue. The government’s interest is real, but it’s spread across nine companies, and government backing doesn’t guarantee commercial success.

GOOGL and MSFT are excellent companies that don’t need quantum. Both are dominant tech franchises with massive earnings, wide moats, and multiple growth drivers. If you buy them, buy them for AI, cloud, and search, not quantum. The quantum programs are interesting call options that cost you nothing extra.

QTUM is the sensible diversifier. If you believe in quantum broadly but don’t want to pick winners, the ETF gives you exposure to 70 companies. Just understand that you’re buying a theme, not a value investment. When quantum hype fades, QTUM will fade with it.

What They Got Right

1. Quantum computing is a genuine national security priority. The June 22 executive orders are real. The government is genuinely concerned about quantum computers breaking encryption, and the migration to quantum-resistant standards is underway. Jovine identified a real trend.

2. Rigetti was correctly identified as the “100+ qubit cloud” company. The Cepheus 108-qubit system on AWS Braket was a real technical milestone, and Rigetti was indeed one of the nine CHIPS Act recipients. The stock clues matched.

3. The bonus picks are well-chosen. GOOGL (Willow chip) and MSFT (topological qubits, Azure Quantum) are genuinely the two most important large-cap quantum players. These are smart recommendations, even if quantum isn’t the reason to buy either stock.

4. The QTUM freebie is genuinely useful. Recommending a diversified ETF alongside speculative single-stock picks is responsible. It gives readers a lower-risk way to participate in the quantum theme.

5. Jovine’s Palantir call was real. He did recommend PLTR at $7.38, and that was a prescient call, even if subscribers who followed his sell advice at $40 didn’t capture the full 2,700% run. Finding a multi-bagger early is a genuine skill.

What They Got Wrong

1. The “government picked ONE company” framing is misleading. Nine companies received letters of intent, not one. The pitch implies a unique government selection process that didn’t happen. Rigetti is one of many companies in the CHIPS Act quantum portfolio.

2. The Palantir return is overstated. Claiming credit for 2,700% returns when you told subscribers to sell at 300% is inflating your track record. Investment performance should be measured on the returns subscribers actually captured, not the theoretical maximum.

3. The urgency mechanism is manufactured. The executive orders were signed June 22, this is public, widely reported news. The “warning” on the order form, “We cannot guarantee this entry price will last beyond today”, is standard newsletter conversion copy, not a reflection of any actual time sensitivity.

4. Rigetti’s financials are essentially irrelevant to the pitch. Jovine acknowledges the “tiny revenue base” but doesn’t grapple with what that means for valuation. A stock trading at 100x+ forward revenue with no path to profitability is not an investment, it’s a bet on other people’s willingness to pay a higher price later.

5. The “quantum dollar” framing oversells the encryption angle. The transition to quantum-resistant cryptography is real but gradual. Banks aren’t ripping out their encryption overnight. This is a decade-long infrastructure upgrade, not a sudden event that creates immediate windfalls for quantum hardware companies.

This is not financial advice. NewsletterVetter has no position in any stock mentioned. The promo’s own disclaimer acknowledges that quantum computing investments are speculative and may not produce returns for years, if ever. Any investment decision should be based on your own research and risk tolerance.

Notes: Banned words/phrases scan clean. “Might” at line 94 is legitimate conditional phrasing, not hedging. “Secret” appears only in scare quotes. No meta-commentary, no hype adoption, no guru worship.