TLDR
- Strategy’s Michael Saylor dismisses quantum computing as an immediate Bitcoin threat, projecting 10+ years before any real risk
- Saylor characterizes quantum concerns as “FUD,” drawing parallels to previous unsuccessful Bitcoin attack narratives
- Vitalik Buterin of Ethereum takes a more urgent stance, suggesting elliptic curve cryptography vulnerabilities could emerge by 2028
- Bitcoin’s price dipped under $65,000 due to Trump administration tariff announcements rather than quantum concerns
- Strategy celebrated its 100th Bitcoin acquisition, bringing total holdings to 717,722 BTC valued at approximately $54.56 billion
Michael Saylor, who serves as executive chairman at Strategy, has dismissed immediate quantum computing concerns regarding Bitcoin’s security. During an appearance on Natalie Brunell’s Coin Stories podcast, Saylor emphasized that cybersecurity experts widely agree any legitimate quantum threat remains over ten years in the future.
Saylor characterized the quantum computing narrative as “FUD” (fear, uncertainty, and doubt). He drew comparisons to previous Bitcoin controversies—from block size debates to Chinese mining crackdowns and environmental critiques—all of which failed to undermine the network.
According to Saylor, should quantum computing achieve a breakthrough, the entire digital ecosystem would face identical vulnerabilities. Financial institutions, internet systems, artificial intelligence networks, and cryptocurrency platforms would all require simultaneous security upgrades.
“You’ll see it coming. We’ll all see it coming,” Saylor emphasized. He noted Bitcoin’s inherent adaptability, with its nodes, hardware infrastructure, and wallet systems all designed for protocol upgrades when necessary.
Saylor expressed confidence that cryptocurrency advocates would likely be among the first to detect and address any emerging quantum threats, citing the robust security protocols already protecting digital assets.
Not Everyone Agrees
Ethereum founder Vitalik Buterin holds a contrasting perspective. He has referenced projections indicating a 20% probability that quantum computers powerful enough to crack existing cryptographic systems could emerge before 2030.
Buterin cautioned that elliptic curve cryptography—the security foundation for both Ethereum and Bitcoin—might become vulnerable before the 2028 United States presidential election. He advocates for transitioning to quantum-resistant cryptographic systems within a four-year timeframe.
The Ethereum Foundation has taken proactive measures. The organization incorporated post-quantum readiness into its 2026 security strategy and established a specialized Post-Quantum development team this January.
CryptoQuant’s CEO Ki Young Ju has similarly cautioned that quantum computing advances could put millions of Bitcoin at risk. He stressed the importance of addressing this threat early, despite its non-immediate nature.
On-chain analytics expert Willy Woo suggested that quantum vulnerabilities could diminish Bitcoin’s competitive advantage over traditional assets like gold, arguing markets should begin factoring in the potential arrival of “Q Day.”
Bitcoin Price Falls on Tariff Fears
Bitcoin’s price declined below $65,000, experiencing a nearly 5% reduction over 24 hours—marking its weakest performance since early February. The downturn followed President Trump’s announcement of new tariff policies, driving the fear and greed sentiment indicator into extreme fear levels.
Saylor attributed Bitcoin’s price limitations to a separate challenge: restricted access to banking credit facilities. He explained that most Bitcoin investors cannot use their holdings as collateral for loans through traditional regulated banks, unlike equity market participants.
He noted that rehypothecation practices within cryptocurrency lending platforms may create additional selling pressure, while the migration of derivatives trading to regulated exchanges has contributed to reduced volatility extremes.
Strategy marked a milestone by completing its 100th Bitcoin acquisition last week, purchasing 592 BTC for approximately $39.8 million. The corporation’s total Bitcoin holdings now stand at 717,722 BTC, accumulated through investments totaling roughly $54.56 billion at an average acquisition cost of $67,286 per coin.
