Strategy’s Michael Saylor downplayed fears over a possible quantum computing breakthrough in a discussion on Natalie Brunell’s Coin Stories podcast, noting that cybersecurity experts generally believe any serious quantum risk is still over ten years off.
Saylor Shrugs Off Bitcoin’s Quantum Threat
Although the timing of any quantum threat is uncertain, Saylor explained on the podcast that a legitimate breakthrough would trigger synchronized software updates across worldwide banking networks, internet infrastructure, consumer devices, AI systems, and cryptocurrency protocols—Bitcoin included.
The Strategy founder noted that the digital frameworks supporting today’s global infrastructure would transition to post-quantum cryptography if required, emphasizing that such an evolution would be expected rather than unexpected.
“You’ll see it coming. We’ll all see it coming,” he postulated, adding that Bitcoin’s software is built to evolve, allowing nodes, hardware, and wallets to implement upgrades as new risks or challenges arise.
Saylor suggested that a unified response would only take shape if a genuine threat were to arise, emphasizing that governments, tech firms, and financial institutions would all be exposed to the same vulnerabilities across their digital networks.
He further characterized the crypto industry as the “most sophisticated cybersecurity community,” highlighting the widespread adoption of protections such as multi-factor authentication and hardware-based key security to protect digital assets.
Saylor argued that transferring Bitcoin involves far stricter safeguards than those generally applied to conventional bank transfers or equity trading platforms. He added:
“I think the crypto community will be the first to perceive the threat, and to react to the threat, and they’ll be leading the way.”
Concerns about quantum computing are hardly new to Bitcoin, yet they have resurfaced in recent market discussions as price volatility persists and investors search for deeper, systemic risks to explain the turbulence.
Most Bitcoin proponents regard quantum computing as a far-off concern, maintaining that systems powerful enough to compromise Bitcoin’s cryptography are unlikely to emerge for decades.
Skeptics, however, argue that the core issue isn’t when a quantum threat might emerge, but the absence of clear, proactive safeguards — particularly as governments and leading technology companies move ahead with quantum-resistant security measures.
Bitcoin Bet Rolls On as Strategy Logs 100th Buy
Saylor’s Strategy, the world’s largest corporate Bitcoin treasury firm, revealed on Monday that it added another 592 Bitcoin to its stockpile last week, spending approximately $40 million. The purchase marked the Tysons Corner, Virginia-based company’s 100th Bitcoin acquisition since launching its BTC-focused treasury strategy in August 2020.
The company now holds an eye-popping 717,722 BTC, accumulated at a combined cost of roughly $54.56 billion, with an average purchase price of $67,286 per Bitcoin. With the benchmark crypto currently trading just below $63,000, the position represents an unrealized loss of over $7.3 billion.
Source: https://zycrypto.com/prominent-bull-michael-saylor-predicts-bitcoin-safe-from-quantum-threat-for-over-a-decade/
