Saylor: Quantum Computing Won't Break Bitcoin
Analysis
Price Impact
MedMichael saylor's statement, aligning with expert consensus, effectively addresses and mitigates a potential long-term 'fud' (fear, uncertainty, doubt) factor regarding quantum computing's threat to bitcoin. this reassurance can build stronger investor confidence in bitcoin's enduring security.
Trustworthiness
HighSaylor's argument is technically sound, based on bitcoin's upgrade mechanism (soft forks for quantum-resistant crypto) and the economic consensus for managing 'lost' coins. this view is supported by institutional analysts (grayscale) and cryptographers, who deem the immediate threat overblown.
Price Direction
BullishBy dispelling a significant long-term existential threat, the news contributes to a bullish sentiment. it reinforces bitcoin's resilience and adaptability, removing a hypothetical future vulnerability that could otherwise deter long-term investment.
Time Effect
LongThe quantum computing threat is projected to become relevant post-2030. therefore, the mitigation strategies and the resulting impact on bitcoin's perception are long-term, affecting its fundamental value proposition rather than immediate price movements.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News "Quantum leap" Overblown fears Advertisement A recent social media post , Strategy co-founder Michael Saylor has reframed a common fear of quantum computers hacking Bitcoin into a bullish narrative. His argument relies on the technical mechanics of how Bitcoin upgrades and the economic consequences of "lost" coins. "Quantum leap" Quantum computers could theoretically crack the Elliptic Curve Digital Signature Algorithm (ECDSA) that protects Bitcoin private keys. If this happens, a bad actor could derive private keys from public keys and steal funds. However, before quantum computers become powerful enough to break ECDSA, the Bitcoin network will implement a soft fork to introduce quantum-resistant encryption (Lamport signatures or lattice-based cryptography). HOT Stories XRP Urgent Alert Issued, Critical SHIB Price Level Revealed to Bulls, Solana Volume Rockets 40% Amid Golden Cross Setup — Crypto News Digest Crypto Market Prediction: This Is What Saves XRP From Crashing to Zero, Three Ethereum Levels to Watch After $3,000, Is Shiba Inu Bull Market Bounce Starting Now? Morning Crypto Report: New XRP Pair Goes Live on Binance, Shiba Inu (SHIB) Scores New Coinbase Listing, Cardano Creator Highlights 'New ADA' Top 100 Achievement Ripple Exec Reveals Ambitious Plans for RLUSD Once the quantum-secure upgrade is live, active users will move their Bitcoin from vulnerable addresses to quantum-secure ones. Advertisement card Lost coins cannot be moved since no one has the keys. These coins cannot be migrated to the new quantum-secure addresses. According to Saylor , the Bitcoin network consensus would likely agree to freeze the old protocol after the migration deadline passes. Advertisement "I agree, lost coins should stay frozen. Glad to hear you'll support my BIP!" Casa's Jameson Lopp said in response to the recent post. Overblown fears The prevailing view among institutional analysts (like Grayscale) and cryptographers is that the immediate threat is overblown. Most experts do not see a cryptographically relevant quantum computer emerging before 2030. Grayscale explicitly called quantum fears a "red herring" for the 2026 market. The only immediate threat is for encrypted data (like emails or government secrets) that can be harvested now and decrypted in 10 years. However, Bitcoin requires signing a transaction in real-time rather than decrypting old data. #Bitcoin News #Michael Saylor