Saylor Dismisses Quantum Threat to Bitcoin

MicroStrategy's Saylor downplays quantum computing risks, while stablecoin market size remains elusive post-Circle IPO.

Author
Branden Chen
Senior Crypto AnalystJune 9, 2025
Bitcoin trading chart with upward trend

Saylor: Bitcoin Can Adapt to Quantum Computing

Michael Saylor, chairman of MicroStrategy, has dismissed concerns that quantum computers pose an existential threat to Bitcoin. While some experts warn that quantum computers could break Bitcoin's encryption, Saylor argues that the Bitcoin protocol can be upgraded to adapt.

Saylor stated that these concerns are "mainly marketing from people that want to sell you the next quantum yo-yo token."

Several proposals exist for securing Proof of Work against quantum threats, including hard forks to migrate wallets to quantum-secure addresses. Saylor emphasizes that Bitcoin's adaptability is its strength.

However, not everyone agrees with Saylor. A recent report suggests the crypto industry is largely unprepared for the potential impact of quantum computing.

Stablecoin Market: Payments vs. Trading

Following Circle's successful IPO, questions remain about the true size of the stablecoin payments market. While the overall market capitalization is known ($254 billion), the volume of stablecoins used for actual payments is harder to determine.

Nic Carter from Castle Island Ventures highlights a significant discrepancy in available data. Some analyses, like one from Visa and Allium, estimate stablecoin transaction volumes at $9 trillion annually, but this includes trading, DeFi, and settlements, not just payments.

More targeted studies indicate much lower figures. Fireblocks reported annual verified stablecoin payments of around $232 billion, while a study by Artemis and Dragonfly calculated a conservative annualized payment volume of $72.3 billion.

Circle's IPO filing doesn't specify how much USDC is used for payments, focusing instead on general transaction volume.

Other News

  • Coinbase and BiT Global have settled their legal dispute over the delisting of wrapped bitcoin (wBTC).
  • Gemini, the crypto exchange founded by the Winklevoss twins, has confidentially filed for an IPO with the SEC.

Market Watch

  • BTC: Stagnant at $105,600.30; miner activity suggests potential volatility.
  • ETH: Strong above $2,500; BlackRock's ETH ETF nears $5 billion.

Key Takeaways:

  • Saylor believes Bitcoin can adapt to potential quantum computing threats.
  • The actual size of the stablecoin payments market is unclear, with estimates varying significantly.

Investment Considerations

As always, investors should consider their risk tolerance and investment timeline before making allocation decisions. Bitcoin remains a volatile asset despite increasing institutional adoption.

This article is for informational purposes only and should not be considered investment advice. Always consult with a qualified financial advisor.

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