Strategy executive chairman Michael Saylor downplayed quantum computing risks to Bitcoin in an appearance on Natalie Brunell’s Coin Stories podcast.
He said the cybersecurity community broadly expects any credible quantum threat to be more than 10 years away.
Why Saylor says the threat is not imminent
Saylor argued that if a breakthrough emerged, it would not be isolated to crypto.
He said global banking systems, internet infrastructure, consumer devices, AI networks, and crypto protocols would all face the same pressure to upgrade to post-quantum cryptography.
Saylor said:
“You’ll see it coming. We’ll all see it coming.”
He added that Bitcoin software is designed to change over time, with nodes, hardware, and wallets able to upgrade in response to emerging threats.
‘Crypto’ as a cybersecurity bellwether
Saylor described the sector as the “most sophisticated cybersecurity community,” pointing to multi-factor authentication and hardware key protections commonly used to secure digital assets.
He said:
“I think the crypto community will be the first to perceive the threat, and to react to the threat, and they’ll be leading the way.”
Strategy’s latest buy and current holdings
Saylor’s comments come as Strategy remains the largest bitcoin treasury company.
The firm’s bitcoin holdings stand at 717,722 BTC, acquired for about $54.56 billion at an average price of $67,286 per coin.
Strategy disclosed it bought 592 BTC for roughly $39.8 million last week, marking its 100th purchase since adopting a bitcoin treasury strategy in August 2020.
