In a spirited defense of Bitcoin’s future, MicroStrategy’s Michael Saylor has dismissed the looming specter of quantum computing as a mere distraction orchestrated by sellers of lesser-known cryptocurrencies—those he dubs “yo-yo tokens.” Speaking on June 9, 2025, Saylor confidently asserted that while quantum computing could theoretically pose a threat to blockchain security, it’s unlikely that any tangible risk will materialize from major tech players anytime soon. “Even if a legitimate threat emerged,” he noted, “it’s not going to be unleashed in a manner that destabilizes Bitcoin.”
The Quantum Computing Conundrum
Quantum computing, a burgeoning field promising to revolutionize everything from cryptography to artificial intelligence, has long been a subject of fascination and trepidation within the cryptocurrency community. Theoretical scenarios suggest that sufficiently advanced quantum computers could break the cryptographic algorithms that secure Bitcoin and other cryptocurrencies. However, the field is still in its infancy, with practical applications years, if not decades, away.
Saylor, a vocal Bitcoin advocate, argues that the alarmist narrative surrounding quantum threats serves primarily to benefit sellers of less established tokens. “It’s a classic case of fear, uncertainty, and doubt—FUD,” he quipped during a recent podcast. “These players want to divert attention from Bitcoin’s strengths by magnifying hypothetical risks.”
Experts in the field echo Saylor’s sentiments, albeit with a touch more caution. Dr. Alice Chen, a cryptography researcher, points out that while quantum advancements are noteworthy, the timeline for when they might impact blockchain technology remains speculative. “We’re witnessing incredible progress in quantum research, but it’s important to separate theoretical possibilities from imminent realities,” she said, emphasizing the ongoing developments in quantum-resistant cryptography as a proactive measure. This sentiment aligns with the broader view of Bitcoin as a strategic asset, as highlighted in Bitcoin is a matter of national security — Deputy CIA director.
Bitcoin’s Resilience in the Face of Challenges
Bitcoin’s resilience is often highlighted by its ability to withstand numerous challenges over its decade-plus existence. From regulatory scrutiny to market volatility, it has emerged as a robust digital asset with a significant market capitalization. This resilience is partly why Saylor remains unfazed by the quantum threat narrative. He believes Bitcoin’s core principles and its decentralized nature make it inherently adaptable to technological changes.
The crypto community has not been idle regarding quantum threats. Developers and researchers are actively exploring quantum-resistant algorithms, ensuring the blockchain can withstand future advancements. The National Institute of Standards and Technology (NIST) in the United States is in the process of standardizing post-quantum cryptographic algorithms, a move that underscores the industry’s proactive stance.
Moreover, Bitcoin’s open-source nature allows for rapid adaptation. “If and when quantum computers become a threat, the Bitcoin protocol can be updated accordingly,” suggests crypto analyst Tom Harris. “The community has proven time and again its capability to evolve and incorporate necessary changes.” This adaptability is also reflected in the growing interest in Bitcoin DeFi, which is projected to surpass other platforms, as discussed in Bitcoin DeFi will have 300M users, beating Ethereum and Solana: Exec.
Market Implications and Future Outlook
While Saylor’s comments may assuage some concerns, they also highlight a broader issue within the cryptocurrency space—the susceptibility to FUD and its market impact. Skepticism about new technologies often leads to market fluctuations, as investors react to both real and speculative threats. This pattern was evident in past scenarios, such as when regulatory crackdowns or high-profile hacks caused market jitters.
The narrative around quantum computing presents an opportunity for the crypto community to engage more deeply with technological advancements. Rather than being driven by fear, the focus can shift to innovation and preparedness. As Dr. Chen aptly puts it, “The future of blockchain technology hinges not on avoiding challenges but on how adeptly we navigate them.”
Looking ahead, the conversation around quantum computing and cryptocurrencies is likely to persist. As the technology evolves, so too will the discourse, raising questions about the balance between innovation and security. For now, Saylor’s dismissal of the quantum threat may serve as a reminder that in the fast-paced world of cryptocurrency, skepticism is sometimes warranted, but panic rarely is.
As June 2025 unfolds, the crypto world continues its dance with innovation and uncertainty—ever mindful of both the promises and the perils that lie ahead.
Source
This article is based on: Bitcoin quantum threat is a ploy by ‘yo-yo token’ sellers: Saylor
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
