Michael Saylor rejects the idea of ​​a quantum threat to bitcoin

Michael Saylor, executive president of Strategy and an eminent Bitcoin defender, rejected concerns about the impact of quantum computers on Bitcoin. He described these warnings as a marketing tactic used by promoters of quantum tokens.

Saylor: Tech giants will not compromise their own security

Saylor told CNBC that companies like Google and Microsoft are unlikely to support the development of quantum IT that can break existing encryption methods, as this would compromise their own systems.

He said in an interview ::

It is especially marketing from people who want to sell you the next Yo-Yo quantum token. Google and Microsoft will not sell you a computer capable of breaking modern cryptography because it would destroy Google, Microsoft, as well as the American government and the banking system.

Michael Saylor

Overview of quantum threat research

Despite Saylor's rejection, research indicates potential vulnerabilities within the Bitcoin network. Project Eleven, a quantum computer research company, has discovered that around 10 million Bitcoin addresses have revealed their public keys. This exposure means that if quantum computers become sufficiently advanced, more than six million bitcoins could be in danger, because the machines could break Elliptical curve cryptography (ECC) which secures bitcoin.

Major Investment Cabinet BlackRock has also identified quantum IT as a potential risk for cryptocurrencies. The company has warned that if quantum technology is evolving to the point of being able to break Bitcoin encryption, this could threaten the security of the network and user portfolios, potentially resulting in investor losses.

Bitcoin's defense and its future preparation

Michael Saylor remains confident that the Bitcoin network can adapt quickly if the quantum computers became one day capable of breaking its encryption. He underlines that the update of Bitcoin software would protect the network, while emphasizing that the scams by phishing currently represent a much greater risk for Bitcoin holders than quantum attacks.

Saylor also maintains that Bitcoin is extremely secure compared to many other systems. He notes that financial institutions and large technological platforms like Google and Microsoft are much more likely to be hacked well before Bitcoin safety was seriously questioned. According to him, Bitcoin is exceptionally robust to withstand attacks.

At the same time, efforts are already underway to protect Bitcoin from future quantum threats. BTQ, a start-up, develops resilient equipment in the face of quantum threats to protect crypto assets. In addition, some developers of the Bitcoin community have offered a major network update. This would imply significant changes in the system code, transferring user funds to more recent wallet formats designed to withstand advanced quantum computers attacks.

However, there is concern that the crypto industry is not entirely ready in the face of the quantum threat. A report of Presto Research warned that the industry lacks preparation in the face of future risks related to quantum computer science. To support this concern, Google's recent search shows that RSA encryption could be easier to break with quantum computers than what experts thought before.

The quantum IA researcher Craig Gidney published a report Believing that a quantum computer with a million qubits operating for a week could break the 2048 -bit RSA encryption. This revelation adds urgency to the need to strengthen the defenses.

Moreover, Analyst Blockchain Duchesssharing its point of view on X, stressed that the real concern with quantum computer science is whether a quantum machine could crack a private key from a public key faster than the time necessary to confirm a transaction. If the deciphering process takes longer than this confirmation window, the network remains relatively safe.

She also suggested that holders of funds stored in old types of portfolios, potentially vulnerable, should consider transferring their bitcoin to more recent and safer address formats, such as P2PKH, and ensuring that they have saved their private keys safely. According to her, this adds an additional layer of protective. The researcher added that the long -term solution lies in the adoption of cryptographic tools specially designed to withstand quantum threats.