In a recent interview with Jordan Bernt Peterson, Michael Saylor, executive chairman of Strategy, discussed his decision to invest heavily in Bitcoin and addressed concerns about quantum computers potentially compromising Bitcoin security.
Reflecting on 2020, during the onset of the pandemic, Saylor sought a safe place to allocate around $500 million. He avoided U.S. Treasuries due to their low value and dismissed soaring real estate and stock markets because of uncertain interest rate influences. Art and gold were also ruled out—art was not readily available at scale, and gold had shown little price movement over two decades, described by his attorney as “dead money.” Instead, Saylor opted for a liquid, fungible asset capable of preserving value long term, ultimately choosing Bitcoin despite earlier skepticism.
Since then, Saylor educated himself extensively on Bitcoin, including reading The Bitcoin Standard, and became a strong advocate.
Regarding quantum computing risks, Saylor characterized Bitcoin as “the most anti-fragile and indestructible thing in the world,” emphasizing it as an ideology embodied in a protocol. He argued that even if quantum computers eventually threaten Bitcoin’s cryptographic keys, they cannot undermine the fundamental mathematics underpinning the network. He likened this to hackers compromising an email account without altering the English language used in the messages. According to Saylor, potential threats can be managed by upgrading Bitcoin’s software protocols.