Michael Saylor Shrugs Off Quantum Computing Threat To Bitcoin, Warns Companies Like Microsoft, Google More Vulnerable: ‘You’ll See It Coming A Mile Away’
Leading Bitcoin (CRYPTO: BTC) advocate Michael Saylor is not too worried about quantum computing’s potential threat to the network’s security.
What Happened: During an interview with Bloomberg that aired Tuesday, the Strategy co-founder was asked about the possibility of quantum computing breaking Bitcoin’s cryptography.
“I don’t worry about it,” Saylor replied. “Microsoft and Google market their quantum projects, but they would never sell a quantum computer that cracked cryptography because it would destroy their own companies.”
Saylor said that while powerful computers may pose a threat to modern cryptography in the next 10-20 years or so, companies like Microsoft Corp. (NASDAQ:MSFT), Google [Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ:GOOG)], and JPMorgan Chase & Co. (NYSE:JPM) will be more vulnerable.
“When it is a threat, all of these organizations will upgrade their cryptography protocols to be quantum-resistant,” he predicted. “You will see it coming a mile away, and every other digital entity in the world is more vulnerable to that idea or threat than Bitcoin.
Benzinga reached out to Microsoft and Google …
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