Saylor Dismisses Near-Term Quantum Risk; MicroStrategy Adds 592 BTC

Published: 2026-02-23 23:16:57 |

MicroStrategy CEO Michael Saylor told Natalie Brunell’s Coin Stories podcast that credible quantum-computing threats to Bitcoin are likely more than a decade away and manageable. He said the cybersecurity community would detect actionable quantum risk well in advance, enabling coordinated upgrades to software, nodes, wallets and hardware toward post-quantum cryptography. Saylor argued the crypto sector’s security practices — including multi-factor authentication and hardware keys — make it well placed to respond and even lead mitigation efforts. The company concurrently bought 592 BTC (~$39.8m), bringing its holdings to 717,722 BTC at an average cost of $67,286. The reporting contrasts Saylor’s view with remarks from Ethereum co-founder Vitalik Buterin, who has suggested a non-negligible chance (cited as ~20% by 2030) of quantum computers undermining current crypto primitives and has driven the Ethereum Foundation to add post-quantum work to its 2026 security roadmap. Market context: BTC trades around the mid-$60k range with a short-term downtrend; technicals show RSI in the low-30s (near oversold) and short-term supports near $65.6k and $62.9k. Analysts note ongoing institutional accumulation (e.g., Turkey’s Net Holding adding 352 BTC). For traders: the news reduces immediate existential concerns about quantum risk to Bitcoin while underscoring continued institutional buying — factors that point to a measured market reaction rather than a sudden volatility spike. This is not financial advice.

Neutral

Short-term impact: Neutral. Saylor’s dismissal of imminent quantum risk reduces fear-driven selling related to existential threats, removing a potential catalyst for abrupt negative moves in BTC. MicroStrategy’s 592 BTC purchase and other institutional accumulation are supportive fundamentals but relatively small vs. total market supply, so they are unlikely to trigger a sustained rally by themselves. Technical indicators (downtrend, RSI near oversold) suggest price remains under short-term pressure and reaction may be muted. Long-term impact: Mildly bullish to neutral. The debate on quantum risk — with Saylor arguing upgradeability and Buterin pushing preparedness — keeps the industry focused on post-quantum upgrades. If coordinated upgrades proceed smoothly, long-term confidence in Bitcoin’s security would be reinforced, which is constructive for price stability and institutional adoption. However, the timeline (likely a decade or more) means limited immediate price effect. Overall, the news reduces existential uncertainty while leaving near-term price drivers (macro, liquidity, technicals) dominant.