Michael Saylor Dismisses Quantum Computing Threat to Bitcoin as BTC Falls Below $65K

Strategy Executive Chairman Michael Saylor has downplayed concerns that quantum computing poses an immediate threat to Bitcoin, calling the narrative “FUD” and arguing that any meaningful risk is likely more than a decade away. Speaking with Natalie Brunell on the Coin Stories podcast, Saylor said the cybersecurity community broadly agrees that practical quantum attacks on Bitcoin are still years from becoming viable, if they materialize at all.

Saylor framed the quantum computing debate as part of a long history of failed Bitcoin criticisms, including the block size wars, China’s mining bans, and concerns over energy consumption. According to him, none of these challenges succeeded in disrupting the Bitcoin network. He emphasized that Bitcoin’s cryptographic framework can evolve over time, allowing developers to implement defensive upgrades well before quantum computers reach a level capable of threatening private keys or network security.

However, not everyone shares Saylor’s optimism. CryptoQuant CEO Ki Young Ju has warned that advances in quantum computing could potentially compromise millions of BTC in the future. On-chain analyst Willy Woo has also suggested that markets should begin considering the possibility of “Q Day,” when quantum breakthroughs could undermine Bitcoin’s cryptographic advantage over gold. While these risks are not considered imminent, some analysts argue early discussion is essential.

Beyond quantum risks, Saylor attributed Bitcoin’s recent price ceiling to limited access to traditional bank credit. He noted that, unlike equity investors, many Bitcoin holders cannot easily borrow against their BTC through regulated financial institutions and must rely on higher-interest crypto loans. He added that rehypothecation in crypto lending markets may increase selling pressure, while the migration of derivatives trading to regulated venues has reduced extreme volatility.

According to TradingView data, Bitcoin price recently fell below $65,000, marking a nearly 5% drop in 24 hours and its lowest level since early February. The broader crypto market also saw declines as traders reacted to new tariff measures announced by President Trump, pushing the crypto fear and greed index into extreme fear territory.