Preparing for the quantum computing era… Strategy’s Bitcoin security approach
Preparing for the quantum computing era… Strategy’s Bitcoin security approach
Strategy has classified quantum computing risk as a long-term issue and launched a dedicated program to systematically address Bitcoin security, taking a proactive approach.
According to investment news outlet FXStreet on February 6 (local time), Strategy announced during its fourth-quarter earnings call that it plans to initiate a “Bitcoin Security Program” aimed at strengthening Bitcoin (BTC) security. The program focuses on formalizing collaboration with global cybersecurity, cryptocurrency, and Bitcoin security communities.
Strategy characterized the increasingly discussed quantum computing threat not as an immediate danger but as a future engineering challenge with ample time for preparation. The company explained that it is likely to take more than 10 years before quantum technology is commercialized and noted that the Bitcoin network is already researching quantum-resistant cryptographic technologies.
This announcement came shortly after Strategy recorded a net loss of $12.4 billion in the fourth quarter and its stock price plunged 17% in a single day. Market attention soon shifted to management’s long-term strategic commentary, and as Bitcoin rebounded to around $65,000, Strategy’s shares rose approximately 5% to 6% in premarket trading.
Michael Saylor, chairman of Strategy, referenced multiple past instances of fear, uncertainty, and doubt (FUD) surrounding Bitcoin, emphasizing that the network has already weathered numerous challenges. He stated that while quantum computing should not be dismissed, it should be approached as a matter of long-term preparedness rather than exaggerated fear.
As the world’s largest publicly listed corporate holder of Bitcoin, Strategy plans to actively participate in future discussions on Bitcoin upgrades and global consensus processes. The company reaffirmed its stance that strengthening long-term Bitcoin security and network trust should be achieved through advance preparation rather than reactive measures.
Meanwhile, according to cryptocurrency-focused outlet Finbold, Strategy CEO Phong Le stated during a recent earnings call that a genuine threat to the company’s viability would only arise if Bitcoin were to crash to around $8,000 and remain at that level for several years.
CEO Le explained that Bitcoin would need to fall an additional roughly 90% from current levels to $8,000 for the value of Strategy’s Bitcoin holdings to equal its net debt. He added that unless this price level persists for more than five years, there would be no immediate issues regarding convertible bond repayments or the company’s financial structure.
Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses based on it. The content should be interpreted solely for informational purposes.
<저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
|
  많이 본 기사
English 많이 본 기사
|
