9-6-2025 – Michael Saylor, the visionary behind Strategy, tackled growing anxieties about quantum computing’s potential to undermine Bitcoin’s security. He dismissed such concerns as overblown, asserting that the cryptocurrency’s robust protocol can be fortified through regular software enhancements to neutralise any quantum-related risks. Saylor went further, suggesting that much of the alarm surrounding quantum computing is little more than a promotional ploy by those peddling new tokens tied to quantum concepts.
Saylor underscored that industry giants like Google and Microsoft have no incentive to market computers capable of cracking modern encryption, as such a move would imperil their own interests, not to mention those of the U.S. government and global banking networks. He pointed out that Bitcoin’s software is far from static, benefiting from yearly updates that keep it resilient. In his view, phishing scams pose a far greater danger to Bitcoin users than speculative quantum threats.
Meanwhile, the cryptocurrency sector is not standing still. Innovators are exploring ways to shield Bitcoin’s proof-of-work system from quantum vulnerabilities. Startups like BTQ are pioneering quantum-resistant encryption hardware, while a Bitcoin developer has put forward a bold Bitcoin Improvement Proposal (BIP) advocating for a hard fork to transition wallet addresses to quantum-secure formats. Yet, not all share Saylor’s confidence. A recent analysis by Presto Research warns that the crypto industry remains ill-equipped to confront the looming quantum challenge, urging greater preparedness to safeguard digital assets.
