In a recent discussion surrounding the implications of quantum computing on Bitcoin, prominent advocate Michael Saylor has adamantly refuted concerns that such technological advancements could jeopardize the cryptocurrency. Instead, Saylor posits that quantum computing would fortify the Bitcoin network, enhancing its overall security.
Saylor, who serves as the executive chairman of Strategy, expressed his views in a post on social media, arguing that fears of quantum computers breaching Bitcoin’s encryption stem from a fundamental misunderstanding of how the system can adapt. He suggested that protocol upgrades would allow operational coins to transition to more secure cryptographic standards. Conversely, coins that are no longer in circulation would remain unaffected. According to Saylor, this transformation would lead to an increase in security and a decrease in available supply, thereby making Bitcoin stronger over time.
Historical losses of private keys—estimated to obscure millions of coins—add another layer to the argument that Bitcoin’s circulating supply diminishes over time. This phenomenon, Saylor believes, naturally contributes to Bitcoin’s resilience.
Adding to the discourse, on-chain analyst Willy Woo acknowledged that quantum computing does not present an existential danger to Bitcoin. However, he highlighted that certain older coins might be at risk, specifically those stored in pay-to-public-key (P2PK) addresses. Woo emphasized that around 4 million bitcoins, including those associated with Bitcoin’s enigmatic creator, Satoshi Nakamoto, possess publicly exposed keys that could be vulnerable to quantum attacks. Despite this risk, he forecasted a gradual impact rather than an immediate collapse, suggesting that seasoned investors might take advantage of any potential market disruptions.
Supporting Saylor’s perspective, asset management firm Grayscale Investments stated that quantum computing is unlikely to have a significant impact on cryptocurrency values in the short run. Grayscale anticipates that structural shifts within the digital asset space will become more pronounced in 2026, fueled by rising demand for alternative stores of value and enhanced regulatory frameworks. They predict that these factors could bring in new capital and further weave public blockchains into mainstream finance, ultimately leading Bitcoin to reach new price milestones.
Grayscale forecasts that Bitcoin may reach an all-time high by the first half of 2026, asserting that this could also mark the end of the existing four-year market cycle, characterized by recurring price patterns.
In addition, Saylor’s firm has been actively accumulating Bitcoin, having recently disclosed a purchase of approximately $980.3 million worth of the cryptocurrency. This acquisition represents the firm’s largest weekly addition since July, marking a significant investment strategy as Saylor continued to expand his Bitcoin holdings. As of mid-December, Strategy’s total Bitcoin reserves stand at 671,268 coins, acquired at an estimated total cost of around $50.33 billion.
