Yes and no. Quantum computing is very useful for integer factorization with Shor's algorithm and offers an advantage for asymmetric algorithms to be cracked. This means that any pre-existing technology that uses public key cryptography, such as RSA and ECDSA are susceptible to such attacks. Is it more profitable for governments (presumably because they will have the budget required to operate one) to break TLS encryption or Bitcoin public keys? As of now, we're still quite a few years away from quantum computers with sufficient qubit to be able to crack asymmetric algorithms.

On the other hand, Grover's algorithm offers a quadratic speed up for symmetric algorithms. If your encryption cipher has a large enough key size, you're safe.