Bitcoin bull Michael Saylor has downplayed concerns over quantum computing’s impact on Bitcoin, call
Bitcoin bull Michael Saylor has downplayed concerns over quantum computing’s impact on Bitcoin, calling it a marketing ploy to pump quantum-branded tokens. “It’s mainly marketing from people that want to sell you the next quantum yo-yo token,” Strategy’s executive chairman said in a June 6 interview on CNBC’s “Squawk Box.”Quantum computing’s potential impact on Bitcoin has been labeled as a significant threat to Bitcoin’s security. According to the quantum computing research firm Project Eleven, 10 million Bitcoin addresses have exposed public keys and more than 6 million Bitcoin could be at risk if the machines become powerful enough to crack Bitcoin elliptic curve cryptography (ECC) keys.But even if a legitimate quantum computing threat emerged from a tech giant, they wouldn’t release it as doing so could put their businesses and even the US government at risk, Saylor said.“Google and Microsoft aren’t going to sell you a computer that cracks modern cryptography because it would destroy Google and Microsoft and the US Government and the banking system.”For anyone concerned about quantum computing hacking Bitcoin, please listen to @saylor calmly and rationally explain why you should sleep soundly at night. pic.twitter.com/X0XzZZl0Cd— Natalie Brunell ⚡️ (@natbrunell) June 6, 2025 Bitcoin would just need to be upgraded, Saylor saysIf a legitimate quantum computer did come along and threaten Bitcoin’s security, the protocol’s core developers and hardware manufacturers would implement a fix, Saylor said:“The answer is: Bitcoin network hardware upgrade, Bitcoin network software upgrade, just like Microsoft, Google, the US government upgrade.“We’re just going to upgrade the software.”Related: Can quantum computers really break Bitcoin?Saylor added that it is 10,000 times more likely that someone would lose their Bitcoin to a phishing attack than to quantum computing.“It’s the hardest thing in the universe to hack,” said Saylor, adding: “They will hack your banking system, your Goog
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