As discussions resurface about whether quantum computers could threaten Bitcoin's cryptographic security, Michael Saylor, one of the world's biggest Bitcoin bulls, has offered a clear response to the claims.
Saylor, co-founder of Strategy (formerly MicroStrategy), argued that quantum technologies would strengthen Bitcoin in the long run, rather than weaken it.
Saylor, in his assessment of the subject, used the phrase “Bitcoin Quantum Leap,” stating that quantum computers would not break Bitcoin, but rather make the system more resilient. According to Saylor, in a potential quantum era, network updates would be inevitable, active coins would be moved to new and more powerful addresses, and inaccessible or lost coins would remain permanently frozen. He stated that as a result of this process, network security would increase while the circulating supply would effectively decrease, and Bitcoin would become even stronger with this dynamic.
On the other hand, digital asset management company Grayscale also believes that quantum computers do not pose a serious risk to Bitcoin in the short term. Grayscale analysts say that a quantum computer capable of breaking Bitcoin's cryptography is not expected to emerge before 2030 at the earliest. According to the company, although research into quantum risk and preparations for “post-quantum cryptography” will accelerate, these developments are not expected to have a significant impact on cryptocurrency pricing in the coming year.
*This is not investment advice.
