Michael Saylor, the executive chairman of Strategy and one of Bitcoin’s most outspoken supporters, believes fears over quantum computing are being blown out of proportion.
In a recent interview, he argued that concerns about Bitcoin’s cryptographic vulnerability are being used as marketing tools by promoters of so-called “quantum-resistant” coins.
Saylor doesn’t see an actual threat on the horizon. He pointed out that companies like Google and Microsoft would be the first to suffer if modern encryption was suddenly obsolete, and therefore have strong incentives to protect it. “They won’t release tools that can break their own systems,” he remarked.
Other experts agree the threat is far from imminent. Blockstream CEO Adam Back acknowledges quantum computing could be relevant one day, but insists it’s a decades-long timeline. Meanwhile, the Bitcoin community is already laying the groundwork to stay ahead—developing gradual upgrades that could secure funds against future advances without disrupting the system.
Rather than panic, Back recommends methodical evolution. Incorporating advanced cryptography like Schnorr signatures and SLH-DSA would offer enhanced security with minimal user impact. The goal is to avoid market fear triggered by media exaggeration of lab-level breakthroughs that won’t affect cryptographic systems for years.
In short, the message from Bitcoin’s advocates is clear: stay calm, keep building, and don’t fall for the quantum scare headlines.
SpaceX has moved 1,308 BTC—worth roughly $150 million—to a new wallet address, marking its first on-chain activity in more than three years.
According to a new chart shared by Bitcoin Magazine Pro, the current Bitcoin market cycle may be entering its final stretch—with fewer than 100 days remaining before a potential market top.
Bitcoin (BTC) is once again hovering near its all-time high today as trading volumes have jumped by 13% in the past 24 hours upon breaking the $119,000 barrier, favoring a bullish Bitcoin price prediction. The top crypto has booked gains of 16% in the past 30 days and reached a new record at $123,091 earlier […]
Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.