Summary
Michael Saylor, the executive chairman of Microstrategy, has shared his views and thoughts regarding the potential threat Bitcoin might face in the future from quantum computing. In a recent interview with CNBC, Saylor affirmed that there is no need to worry about Bitcoin being intimidated by the futuristic capabilities of quantum computing. He dismissed all the possible risks that might be posed by Quantum computing and claimed that Bitcoin’s protocol can be updated through software upgrades, and tries to combat threats. He concludes the interview by stating that bitcoin’s biggest security threat is not quantum computing but phishing.
“Today, the greater security threat is not quantum computing, but phishing attacks,” Claims the CEO of Microstrategy
BlackRock, one of the leading global investment management companies in the world, previously identified quantum computing as a potential threat to cryptocurrencies, including Bitcoin. The firm asserted that technological advancements in quantum computing could compromise traditional encryption and become a threat, especially to Bitcoin. Microstrategy CEO, Michael Saylor, has come up with arguments and dismissed all the possible threats that might have arisen in the future due to quantum computing, and claimed that quantum threats are nothing but marketing strategies and tactics. According to Saylor, Bitcoin can adapt through software upgrades, and the protocol would implement the latest software upgrades when a threat is on the horizon.
Michael Saylor stated that it was mainly marketing from people who wanted to sell the next quantum yo-yo token. He claimed that Google and Microsoft were not going to sell a computer that could crack modern cryptography because it would destroy both Google and Microsoft, as well as the U.S. Government and the banking system. According to him, the quantum threats could undermine the security of the operations of these tech tycoons and authorities, he added that the crypto community is more than prepared for the challenges and can address any challenges that may come from the sophisticated advancements of quantum computing.
Michael Saylor said that there was no need to worry much about quantum computers, and he concluded the interview by asserting that the greater security threat today was not quantum computing, but phishing attacks. He added that there was no chance that all Bitcoin would be hacked overnight. He also claimed that Bitcoin is a protocol; the software gets upgraded every year.
Crypto Industry is “unprepared” for the upcoming quantum threat, Presto Research Opines
The experts and analysts from the crypto industry claim that Saylor’s views or opinions on quantum threats are subjective and not universal one. According to the recent report from Presto Research states the crypto world is not prepared for the threats from quantum computing that might arise in the future.
Rick Maeda, an analyst from Presto Research, recently published a report on quantum risks, which claimed that the entire industry was not prepared at all. In the research report published on May 20, 2025, he answered whether quantum computers can break a Bitcoin wallet, and the given answer was scary; he claimed that quantum computers can break Bitcoin wallets.
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According to the Presto Research report, quantum computing matters to crypto because it threatens the kind of encryption that blockchains rely on, especially elliptic curve cryptography (ECC), which secures most wallets. The report indicated that quantum computers could one day run Shor’s algorithm, a powerful technique for breaking ECC and recovering private keys from public ones. This means that if a wallet’s public key is exposed, a future quantum attacker could potentially steal funds. He also added that this is not possible today since the quantum computers and threats are not powerful enough to crack this.