- Michael Saylor argues Bitcoin will upgrade to defend against quantum threats when needed, downplaying current concerns.
- Quantum-proof solutions are already being developed, though none have been implemented yet; experts remain divided on readiness.
- Market reaction has been minimal so far, with BTC holding strong above $100K and traders more concerned about phishing than quantum risk.
Michael Saylor, Executive Chairman and Co‑Founder of MicroStrategy, recently addressed concerns over quantum computing potentially breaking Bitcoin’s encryption. In a CNBC interview, he dismissed fears raised by firms like BlackRock that advanced quantum machines could render Bitcoin insecure. Saylor noted that anyone capable of building a quantum computer powerful enough to break Bitcoin would likely have far bigger ambitions, such as controlling governments or launching wars, rather than targeting a mere fraction of global wealth
According to Saylor, Bitcoin is a flexible protocol that can evolve to meet emerging threats through software upgrades. “The software gets upgraded every year,” he emphasized, pointing to the blockchain’s history of adopting new features and strengthening security mechanisms.
Quantum Computers: A Real Threat or Just Hype?
BlackRock recently published a warning highlighting how quantum computers, with their superior computational power, could eventually crack traditional encryption methods, threatening not just cryptocurrencies but global digital infrastructure.
Yet, Saylor dismissed these warnings as “mainly marketing from people that want to sell you the next quantum yo-yo token.” He went on to say that major players like Google, Microsoft, and the U.S. government have strong incentives not to release quantum systems capable of breaking encryption, as it would undermine their operations and trust in the global financial system.
Industry Prepares for Quantum Threat
While Saylor is confident in Bitcoin’s adaptability, the broader industry is taking the quantum computing threat seriously. Startups like BTQ are developing quantum-proof crypto hardware, and developers have already proposed Bitcoin Improvement Proposals (BIPs) to transition the network to quantum-secure addresses via a potential hard fork.
However, these solution proposals are still largely theoretical and yet to be realized. A recent warning from Presto Research stated that the crypto space remains “unprepared” for quantum threats, mainly with regard to coordinated and standardized defense strategies.
Nonetheless, unshaken by these talks, the bullish sentiment has kept Bitcoin (BTC) over $100,000. Traders and long-term holders appear more concerned about phishing scams and exchange vulnerabilities than theoretical quantum breaches.
Saylor doubled down on this point, calling phishing a much more realistic and pressing threat to Bitcoin security than quantum computers. “Bitcoin is a protocol; it evolves like any other piece of software,” he reiterated.
The conflict between short-term market behavior and long-term technology speculation is reflected in the current discussion. Saylor’s message is clear for the time being: don’t worry about quantum; Bitcoin is ready to advance.
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