The post Saylor Mocks Quantum Threat as a Scheme to Sell Tokens appeared on BitcoinEthereumNews.com.

Speaking on CNBC, Saylor said major tech companies like Google or Microsoft would never unleash quantum technology recklessly, as it would endanger the global digital infrastructure, including their own businesses. He added that Bitcoin is capable of upgrading its cryptographic systems if the need arises. While research firm Project Eleven warns millions of Bitcoin could be vulnerable if quantum computing advances, current machines are far from meeting the required qubit threshold.  Meanwhile, Saylor continues his bullish stance, and recently teased Strategy’s ninth straight week of Bitcoin accumulation. The announcement was made after a $75 million BTC purchase and a $1 billion preferred stock offering to fund even more buys. Similarly, Europe’s Blockchain Group is planning to raise $342 million to grow its BTC treasury. Quantum Threat to Bitcoin Is Just Marketing Hype? Bitcoin bull and Strategy executive chairman Michael Saylor dismissed the growing concerns about quantum computing’s potential threat to Bitcoin, and labeled it a marketing tactic that is designed to promote quantum-themed tokens. In a June 6 appearance on CNBC’s “Squawk Box,” Saylor stated bluntly that fears surrounding quantum computing’s ability to break Bitcoin’s cryptographic defenses are overblown and largely propagated by those who want to profit off hype. “It’s mainly marketing from people that want to sell you the next quantum yo-yo token,” he said. The crypto community has long speculated about whether future advances in quantum computing could undermine Bitcoin’s security by cracking its elliptic curve cryptography (ECC). Quantum research firm Project Eleven even warned that more than 10 million Bitcoin addresses with exposed public keys—and potentially over 6 million BTC—could be vulnerable if such computing power becomes a reality. Still, Saylor insists that if quantum computing ever evolves to the point of being a genuine threat, it wouldn’t be used recklessly. He argued that technology giants…

---

Filed under: News - @ June 9, 2025 1:28 pm