Michael Saylor downplays the threat of quantum computing to Bitcoin

According to CoinDesk, Strategy founder Michael Saylor recently downplayed the threat of quantum computing to Bitcoin in an interview with CNBC, stating that when the threat is imminent, the Bitcoin protocol can address potential risks through software upgrades. He said, "This is mainly a marketing tactic for those who want to promote the next quantum concept token to you. Google and Microsoft will not sell computers that can crack modern encryption technology because it would destroy Google and Microsoft - as well as the US government and banking system At present, there are multiple research schemes on how to make Bitcoin Proof of Work (PoW) resistant to quantum attacks, including anti quantum encryption hardware developed by start-up companies such as BTQ. A Bitcoin developer has submitted a proposal for improvement (BIP), suggesting migrating wallet addresses to quantum secure addresses through a hard fork. Saylor emphasized that the Bitcoin protocol is upgraded every year, and the greater security threat comes from phishing attacks. Saylor concluded, "Bitcoin is a protocol; its software is upgraded every year." He also believes that the biggest security threat facing Bitcoin is phishing. However, not everyone agrees with Saylor's viewpoint. A recent report by Presto Research states that the crypto industry is "unprepared" for the upcoming quantum threat.