Here's a thread with an over-simplified explanation of what that means.
Scott Aaronson's Quantum Supremacy FAQ is the best resource for sensible details about this announcement: scottaaronson.com/blog/?p=4317
Google has managed to build a 53-qubit Quantum Computer which can solve a (very) contrived problem in a fraction of a second which will take months with huge data-centers full of normal computers
A proposed solution to that is Quantum Error Correction.
Let's go back to the Wright Brothers' first flights: they flew only 10 feet above the ground, and for less than a minute.
This was by no means "useful"
But the first flight put a permanent end to all the critics claiming that heavier-than-air powered flight was impossible.
These kinds of criticisms can have serious impact on researchers and funding agencies.
That stops now.
I should repeat. Read Scott Aaronson's Quantum Supremacy FAQ. It is easy-to-understand and goes into many details that I skipped over. scottaaronson.com/blog/?p=4317
Bitcoin/cryptocurrencies are safe for now. By the time Quantum Computers are able to break the cryptographic algorithms used in cryptocurrencies, they will have shifted over to Quantum Resistant Algorithms.
cc: @bidu676