The private sector is at what, like 10^3 qubits? In order to trivialize all encryption you would need like 10^6. And I don't think it is reasonable to assume quantum computing will follow Moore's Law, but even if it did, I think it is still far enough away where I would be quite thoroughly surprised if anyone anywhere had even 10^5 qubits, let alone 10^6.
The private sector is at what, like 10^3 qubits? In order to trivialize all encryption you would need like 10^6. And I don't think it is reasonable to assume quantum computing will follow Moore's Law, but even if it did, I think it is still far enough away where I would be quite thoroughly surprised if anyone anywhere had even 10^5 qubits, let alone 10^6.
You sound like you know better than me.