Key Takeaways:
- Michael Saylor dismisses quantum computing threats to Bitcoin as marketing hype for niche cryptocurrencies.
- Saylor asserts that tech giants won’t deploy quantum tools capable of breaking cryptography due to massive systemic risks.
- He stresses that Bitcoin’s software can be upgraded if necessary and sees phishing as a far greater current threat.
Michael Saylor, executive chairman of Strategy, has dismissed concerns that quantum computing poses a serious threat to Bitcoin, calling such fears exaggerated marketing tactics aimed at promoting fringe cryptocurrencies – what he refers to as “quantum yo-yo tokens.”
Speaking on CNBC’s Squawk Box, Saylor criticized alarmist narratives suggesting that quantum computers could break Bitcoin’s elliptic curve cryptography (ECC), potentially exposing over 10 million addresses and more than 6 million BTC.
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
He argued that even if a quantum threat emerged, companies like Google and Microsoft would not release such disruptive technology due to the catastrophic implications for global cybersecurity.
Saylor emphasized that the Bitcoin network could simply respond with software and hardware upgrades, similar to how other major systems adapt over time.
He also noted that phishing attacks are a far greater threat to users than speculative quantum exploits, calling Bitcoin “the hardest thing in the universe to hack.”
Meanwhile, quantum research firm Project Eleven has launched a “Q-Day Prize”, a year-long challenge to determine how urgently Bitcoin needs to prepare for quantum risks.
Current estimates suggest it would take around 2,000 logical qubits to break ECC, while today’s best chips from IBM and Google are only at 156 and 105 qubits, respectively – nowhere near posing a real danger yet.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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