Billionaire Claims Quantum Computing Poses No Threat to Bitcoin

Michael Saylor, executive chairman of Strategy, which holds nearly 600,000 BTC, dismisses concerns about quantum computing threatening Bitcoin's cryptography. He argues that such fears are largely marketing tactics by those promoting quantum-related tokens. Even if a legitimate quantum computer were developed, Saylor believes it wouldn't jeopardize Bitcoin, as companies like Google and Microsoft wouldn't risk destabilizing their own systems or the financial sector. Bitcoin could simply undergo an upgrade if needed, similar to how other software systems evolve.

Saylor emphasizes that phishing attacks are a far greater risk to Bitcoin holders than quantum computing. Current quantum technology, such as IBM's Heron and Google's Willow chips, remains far from the estimated 2,000 qubits required to crack Bitcoin's encryption.