Saylor: "Quantum computing threat is a kind of fear fad"

JH Kim

Summary

Michael Saylor said concerns that quantum computing poses a threat to Bitcoin are exaggerated.
Saylor said the quantum computing threat is a psychological tactic and a form of fear similar to past claims that China controlled mining.
He said the Bitcoin network’s security architecture has continued to evolve and can respond to technological threats over the long term.

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Michael Saylor, founder of Strategy (MSTR), argued that concerns that quantum computing poses a threat to Bitcoin (BTC) are exaggerated.

According to crypto-focused media outlet U.Today on the 23rd (local time), he said on a podcast that "the quantum-computing threat is a kind of psychological tactic," adding that "similar fears are repeating themselves, like past claims that China controlled mining, controversies over backdoors in mining equipment, and China’s mining ban measures."

Saylor stressed that "it’s like the latest fad," and that "today’s quantum-computing fear has been amplified in part because there isn’t much else to talk about."

He is seen as reaffirming his long-held view that the Bitcoin network’s security architecture has continued to evolve and can address technological threats over the long term.