Will Quantum Computing Crash Bitcoin Price Below $50K? Saylor Says No

Key Insights:

• Michael Saylor, who considers Bitcoin a superior store of value, views quantum computing as a manageable risk to the crypto giant.
• Charles Edwards of Capriole warns that without quantum-resistant upgrades, Bitcoin price could drop below $50K.
• Grayscale does not consider quantum computing an immediate risk to the crypto market.

MicroStrategy’s co-founder and Chairman, Michael J. Saylor, said, “Quantum computing won’t break Bitcoin”. In his recent X post, Saylor debunked the notion of quantum computers hacking Bitcoin.

His argument emphasizes – Quantum computing would force Bitcoin to upgrade its cryptography, eliminating legacy weaknesses and making the network more secure than it is today.”

While Strategy Chairman Michael Saylor has taken an optimistic stance, Capriole’s Charles Edwards warns Bitcoin could fall below $50K if the network fails to develop quantum-resistant security.

Optimism prevails for now. However, Bitcoin’s long-term security against quantum computing remains a key point of concern for investors.

Quantum Computing Won’t Break Bitcoin – Saylor

The Elliptic Curve Digital Signature Algorithm (ECDSA) safeguards Bitcoin private keys. In theory, a large-scale quantum computer could break this algorithm.

That would allow a hacker to derive private keys and steal funds from addresses whose public keys are not hidden.

Fortunately, quantum computing is not advanced enough to break ECDSA. The Bitcoin network could roll out a soft fork to adopt quantum-resistant encryption methods. Once that upgrade is implemented, BTC holders will transfer their coins to quantum-secure addresses.

However, it won’t be possible to transfer lost coins as no one will have the keys to move them. Saylor believes the Bitcoin network consensus could retire the old protocol once the migration deadline passes.

Sub-$50K Bitcoin Price Possible Without Quantum Fix – Edwards

Charles Edwards does not seem to agree with Michael Saylor’s outlook of quantum computing’s effect on Bitcoin. He has cautioned that Bitcoin price could face a steep decline if a quantum-resistant fix isn’t implemented.

In a recent X post, Edwards stated that failing to deploy a fix by 2028 could push Bitcoin below $50,000. It would trigger a prolonged bear market, and prices would go down until a fix is deployed.

He emphasized the urgency of addressing quantum threats next year. The Capriole founder warned that the fallout could be far more severe than previous market crashes, including the FTX collapse.

Grayscale called quantum computing a “red herring” for 2026 in its 2026 Digital Asset Outlook.

The renowned digital asset manager firm stated that quantum computers do not pose an immediate threat to Bitcoin price or the crypto market.

It noted that quantum technology could pose a long-term risk to cryptography. The tech could produce advanced computers that might break Bitcoin’s security, but such computers won’t exist before 2030.

Therefore, the quantum threat is unlikely to affect crypto prices in 2026.

The Industry is Preparing for Quantum Threats

Although Saylor is confident and Grayscale sees no immediate threat, the crypto industry is already taking steps to address the quantum risk. Experts have proposed solutions to protect Bitcoin’s proof-of-work mechanism.

Developers are exploring quantum-resistant algorithms, such as Lamport signatures and lattice-based cryptography, to protect transactions and wallets.

The Bitcoin network could also implement soft forks to migrate funds from vulnerable addresses to quantum-proof addresses.

Crypto market experts, investment firms, exchanges, and investors are closely monitoring advances in quantum computing. They are also funding research to ensure the network gets prepared to deal with future quantum threats.