Quantum Threat for Bitcoin? ‘I Don’t Worry About It’, Says Strategy’s Michael Saylor

Bitcoin -ov the most attractive bull, Michael Saylor, does not lose a dream because some call their greatest existential Threat: quantum calculation.

In an interview with Bloomberg on Tuesday, Strategy Co -founder rejected fears that future quantum machines could be resolved one day BitcoinCryptographic foundations, calling for threat overcrowded and eventually easily overcome.

“I don’t worry about that,” he said. “Microsoft and Google markets their quantum projects, but they would never sell quantum computer that broke cryptography because it would destroy their own businesses.”

Quantum computerswho Rati Bitcoin to more than a decade has recently achieved progress in the correction of the errors and stability of Qubit, causing renewed fears that one day they can endanger the cryptographic algorithms that protect the crypts of the trillion dollar currency.

In May, research paper Google has suggested that a quantum computer can be 20 times easier to break the RSA encryption that supports Bitcoin.

Despite this terrible predictionsSaylor said that quantum computers still have no practical application, and if they occur in the next 10 to 20 years, there will be more threats to systems that are far more vulnerable than bitcoin.

“It will be a threat to Microsoft, Google, JP Morgan and the US government,” he said.

Saylor expressed his belief that blockchain systems could be upgraded to resist Quantum threats, if and when they become reality.

“You will see that a kilometer away, and every other digital entity in the world is more vulnerable to that threat than bitcoin,” he said.

Blockchain groups increase efforts to prepare for quantum computers. In April, Quantum Computing Research Group Project 11 announced a 1 btc Bounty, currently worth $ 109,810, the first team that broke the simplified version of Bitcoin’s cryptography of the elliptical cryptography (ECC) using a quantum computer.

In a separate interview with CNBC Saylor called Saylor on Friday Phishing Fraud more threat to someone’s share in Bitcoin than quantum computers.

“If I wanted to hack your Bitcoin, I would have sent you an E -Af that says that the quantum computer can hack your Bitcoin:” Click on the upgrade connection now, “and then I would stole Bitcoin,” he said. “It’s 10,000 times more likely to follow you than there is a threat. So no, I don’t worry about it.”

Even if quantum computers become powerful enough to break modern encryption, Saylor reiterated his view that Bitcoin will not be the first target.

“They will hack your banking system, your Google account, your Microsoft account and any other property you have long before, because they are weaker order,” he concluded.

Still, despite Saylor’s bicobin on Bitcoin’s ability to resist quantum threats, a report of 2024 of the World Economic Forum marked quantum computing as a global riskwarning that this could allow future deciphering of today’s encrypted data and reshape control over a computer power.

The strategy launched the Bitcoin Treasury model, which recently gained momentum, with dozens of companies followed by Saylor’s leadership. A company with a listed Nasdaq celebrated Bitcoin worth almost $ 64 billion since she started buying in 2020.

Edited Andrew Hayward