Michael Saylor, the outspoken advocate for Bitcoin and CEO of MicroStrategy, has dismissed warnings about quantum computing posing an existential threat to Bitcoin as a strategic ploy by sellers of lesser-known cryptocurrencies. In a recent interview, he labeled such concerns as “fear-mongering” designed to redirect investors toward so-called “yo-yo tokens”—volatile altcoins that fluctuate wildly in value.
Saylor argued that quantum computing threats to Bitcoin’s cryptographic security have been exaggerated. “Quantum computers capable of breaking Bitcoin’s encryption are decades away, not years,” he stated, citing expert analyses that suggest even the most advanced quantum projects remain in the experimental stage. He emphasized that Bitcoin’s blockchain is built on elliptic curve cryptography (ECDSA), which experts believe would require a quantum machine far more powerful than any currently in development to compromise.
The critique comes as some altcoin projects have marketed themselves as “quantum-resistant,” promoting tokens that claim to use encryption methods allegedly safer against future quantum attacks. Saylor dismissed these claims as misleading, noting that many such projects lack peer-reviewed security audits and have shown high price volatility—hence the “yo-yo” label.
“These narratives are pushed by sellers who want to dump their speculative tokens,” Saylor said, highlighting that Bitcoin’s dominance in the cryptocurrency market (currently over 40% of total market cap) stems from its battle-tested security and network effect. He added that MicroStrategy’s $15 billion Bitcoin treasury remains unchanged, reinforcing the company’s confidence in Bitcoin’s long-term resilience.
Cryptography experts have previously acknowledged that quantum computing could theoretically threaten Bitcoin’s security, but the timeline remains uncertain. The U.S. National Institute of Standards and Technology (NIST) is currently finalizing a new standard for post-quantum cryptography, which Bitcoin could adopt if needed. Saylor argued that this proactive approach further diminishes the urgency of quantum threats, calling them a “non-issue for rational investors.”
The remarks reflect Saylor’s ongoing campaign to position Bitcoin as a stable, institutional-grade asset, contrasting it with what he sees as the hype-driven nature of many altcoins. As Bitcoin’s price has rebounded to over $40,000 in recent months, his comments aim to reassure investors amid broader market debates about technological risks and regulatory scrutiny.
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