Michael Saylor, executive chairman of Strategy and a well-known Bitcoin maximalist, has once again sparked debate — this time by publicly rejecting the idea that quantum computing poses a real threat to Bitcoin. In his view, the true danger lies in phishing, not futuristic machines or "quantum token" marketing gimmicks.
While some studies warn that future quantum computers could crack the cryptographic algorithms securing cryptocurrencies, Saylor remains calm, arguing that Bitcoin would simply update its protocol if the threat became real.
“Quantum Fear” as a Marketing Strategy?
Saylor claims that concerns over quantum attacks are exaggerated and often pushed by promoters trying to sell their own “quantum coins.”
“Google or Microsoft will never sell you a computer that breaks modern cryptography — it would destroy themselves, the financial system, and the U.S. government,”
he said, calling these narratives mostly marketing hype.
Bitcoin Is Evolving — and It Always Has Been
Saylor emphasizes that Bitcoin is not a static system. It is a living protocol that evolves through annual updates. If a quantum threat emerges, developers would respond just as they have to previous technological challenges.
Others agree. Companies like BTQ Technologies are developing quantum-resistant hardware, and some Bitcoin developers have already proposed improvement protocols to migrate coins to post-quantum addresses.
Quantum Threats: Technically Possible, Practically Distant
A recent study by Google highlighted the power of its new quantum chip Willow, which completed a benchmark task in under five minutes — a task that would take the world’s best supercomputers 10 septillion years.
Quantum AI researcher Craig Gidney published findings suggesting that RSA encryption could be broken using 20 times fewer resources than previously estimated. But even then, it would require 1 million qubits running non-stop for a full week — a level of capability no system has yet reached.
Though Gidney didn’t mention Bitcoin specifically, its elliptic curve cryptography (ECC) is functionally similar to RSA, and other studies have confirmed that strong quantum computers could eventually break ECC as well.
Experts Say: Don't Deny, Prepare
A study by the University of Kent warned that Bitcoin may eventually need to undergo an expensive and time-consuming upgrade to remain secure. A Deloitte report also estimated that 25% of circulating Bitcoin could be vulnerable because their public keys have already been exposed.
Casa CTO Jameson Lopp warned that the community may have less than 10 years to implement robust fallback plans.
Inactive Wallets and Exchange Vulnerabilities
Experts Hunter Beast (Anduro) and Michael B. Casey (Marathon) pointed out that while funds could be moved to quantum-secure addresses, not all users can do this — especially those who lost private keys or exchanges that still accept public-chain deposits.
They warned that any breach in security could trigger a rapid liquidation event, crashing the market instantly.
Still, Beast emphasized that the solution is not panic or denial, but proactive preparation.
Bottom Line: Quantum Is a Future Threat — Not a Present Crisis
Saylor may be right that there’s no need for alarm — yet. But experts are clear: the clock is ticking. Bitcoin will need to meet quantum challenges the same way it always has — through development, transparency, and readiness.
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