Saylor Views Quantum Computer Upgrade as Deflationary Event for Bitcoin

While the Bitcoin community is increasingly concerned about the threat posed by quantum computers, MicroStrategy founder Michael Saylor paints an optimistic scenario. In an interview with Galaxy Research Head Alex Thorn, he predicts a coordinated quantum upgrade for Bitcoin.

Saylor argues that leading technology companies such as Microsoft, Apple, and Google will simultaneously update their encryption algorithms once a quantum threat becomes real. This will also trigger a Bitcoin upgrade without the controversial debate seen during the Blocksize War of 2017.

The crucial point: All Bitcoin and wallets would need to be re-encrypted – provided the holders of the private keys are still active. Saylor sees this as a "massive deflationary event," as lost Bitcoin would be definitively identified ^[1].

"If the number is 5 million, we will see the BTC supply drop from 21 million to 16 million and the price of Bitcoin will rise," explains the self-proclaimed techno-optimist ^[1]. Rather than a threat, the development of quantum computers could thus lead to a Bitcoin price rally.