As concerns grow about the impact of quantum computing, Strategy Chairman Michael Saylor is pushing back against fears that it could crash Bitcoin.
He argues that stronger computing could actually make Bitcoin more secure.
Saylor Pushes Back on the Quantum Threat Narrative
In a recent post on X, Saylor dismissed the idea that quantum computing poses an existential threat to Bitcoin. He emphasized that Bitcoin’s design allows for protocol upgrades when risks become real, not hypothetical.
Under such upgrades, active coins could migrate to more secure address formats, while lost or inactive coins would remain locked, limiting overall exposure. This adaptability, Saylor suggests, is a core feature of the network.
Building on that point, he stressed that Bitcoin is not a static technology. As software, it evolves through regular updates, offering built-in defense against emerging threats. Over time, stronger security measures could reduce panic selling and strengthen confidence rather than weaken it.
Consistent With Earlier Remarks
Saylor’s latest comments echo views he expressed earlier this year. In a June interview with CNBC, he described warnings about quantum threats as exaggerated and premature.
During that discussion, he compared Bitcoin’s evolution to that of other major technologies. When a credible risk emerges, he said, developers respond with targeted software upgrades.
He also questioned the motivations behind some of the more alarming claims, suggesting that they may be driven more by marketing than by technical reality.
According to Saylor, major technology companies would have little incentive to release systems capable of breaking modern encryption, as doing so would disrupt governments, banks, and the companies themselves.
Industry Preparations Are Already Underway
Despite Saylor’s confidence, parts of the crypto industry are taking proactive steps to prepare for potential quantum risks. Several proposals are already exploring ways to safeguard Bitcoin’s proof-of-work system against future advances.
One such effort comes from BTQ, a startup developing quantum-resistant cryptographic hardware. Separately, a Bitcoin developer has introduced a draft Bitcoin Improvement Proposal that outlines a potential hard fork. The proposal would migrate wallets to address formats designed to withstand quantum-based attacks.
Skepticism Remains Among Some Experts
Meanwhile, not all industry voices share Saylor’s optimism. David Carvalho, CEO and chief scientist at Naoris, has warned that a significant portion of Bitcoin could become vulnerable if major quantum breakthroughs occur.
Carvalho estimates that up to 30% of circulating Bitcoin could be vulnerable to theft under such scenarios. However, he acknowledged that the timeline for these developments remains uncertain. He added that exchanges would likely freeze or block any compromised coins.
For Saylor, however, today’s risks are far more immediate. He has repeatedly argued that phishing attacks and poor security practices pose a greater danger to Bitcoin users than hypothetical quantum machines.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
