Bitcoin Safe From Quantum Threats, Says Michael Saylor

Bitcoin's vulnerability to quantum computing has been a topic of debate in recent market discussions. However, Michael Saylor, founder of Strategy, believes that the risk is still distant. In an interview on Coin Stories podcast, he stated that any serious quantum threat is likely to occur over ten years from now.

Saylor emphasized the importance of post-quantum cryptography and the ability of Bitcoin's software to evolve in response to emerging threats. He noted that a unified response would only be triggered if a genuine threat arises, affecting governments, tech firms, and financial institutions alike. The crypto industry is considered one of the most sophisticated cybersecurity communities, with widespread adoption of protections such as multi-factor authentication.

The founder of Strategy also highlighted the strict safeguards applied to transferring Bitcoin, which he believes will enable the community to react swiftly in case of a threat. He expressed confidence that the cryptocurrency will remain safe from quantum threats for over a decade, citing the industry's proactive approach to cybersecurity and the ability to adapt to emerging risks.