Saylor dismisses quantum computing threat as the latest fad

Michael Saylor, founder of MicroStrategy (MSTR), the single largest corporate holder of Bitcoin, dismissed concerns about quantum computing as exaggerated during a recent podcast appearance. According to U.Today, Saylor described the threat as a psychological tactic, comparing it to a cycle of past fears such as China's mining ban. He recalled a series of concerns that previously pressured the market, starting with fears that China would dominate all mining, followed by worries over potential backdoors in Chinese mining equipment, and culminating in the country's eventual ban on Bitcoin mining. He argued that this pattern is like the latest fad and that the current fear over quantum computing has emerged simply because there are no other narratives to focus on.