Michael Saylor refutes the threat of quantum computing: Bitcoin is far more secure than banks and tech giants

ChainCatcher news, Bitcoin staunch supporter and Strategy founder Michael Saylor stated in an interview with Bloomberg that he is not worried about quantum computing posing a threat to Bitcoin, calling it overhyped.

Saylor believes that the real threat of quantum computing lies with traditional systems such as Microsoft, Google, JPMorgan Chase, and the U.S. government, rather than Bitcoin. He emphasized that even if quantum technology makes breakthroughs in the next ten to twenty years, blockchain systems are fully capable of upgrading to mitigate risks. The more immediate threat is phishing, not quantum attacks.