Quantum computing is coming? Bitcoin's quantum-resistant upgrade may become a catalyst for supply tightening

Question

【Crypto World】Will the large-scale application of quantum computing truly threaten the security of Bitcoin? Michael Saylor’s recent viewpoint is quite interesting—he directly positions quantum computing as a booster for Bitcoin.

His logic is as follows: once the quantum threat truly emerges, the world will inevitably be forced to adopt quantum-resistant encryption technology. What does this mean? Users will need to migrate their Bitcoin to new addresses. It sounds manageable, but the consequences are quite subtle.

What will happen during this upgrade process—those long-unused Bitcoin addresses will be locked, and truly lost Bitcoins (with private keys destroyed or lost) will completely exit circulation. From a market perspective, this can effectively reduce the circulating supply. Saylor predicts that the available supply could shrink to about 16 million coins—compared to the current cap of 21 million, this is a significant tightening.

Looking at it from another angle, this technological upgrade is both a risk and an opportunity for supply-side reform. Of course, all of this depends on when quantum-resistant technology truly becomes a necessity.

CexIsBad · Accepted Answer

Wow, Saylor&#39;s brain is truly amazing, packaging risks as Favourable Information? Quantum comes and directly does the dumping is more like it.

A wave of automatic coin locking, 16 million supply sounds great, but the premise is that living people have to obediently migrate, is that possible?

The lost coins are indeed out, but anyone in that position has to run quickly, by then the panic selling will be many times more than it is now.

MemeKingNFT · Answer

Wait, Seller's logic... packaging risk as supply tightening? I feel like he's just storytelling again.

Can lost coins really drive up the price, or is it just self-comfort...

ser_we_are_early · Answer

Damn, this guy's really sharp. Turning a crisis into a positive narrative forcefully—this move is solid.

When Quantum arrives, it can actually clear out dead coins. The tightening effect of 16 million coins... I feel like this is going to be the next narrative point.

Wait, those coins from old addresses really can't come in? I need to check my wallet quickly.

Honestly, I find it hard to believe. That's all in hindsight. When it actually happens, it'll be a different story.

It's hard to hold on, and we're starting to panic buy and stockpile coins again? But reducing supply is indeed a good idea.

DegenWhisperer · Answer

Wait, is Saylor's logic really solid, or is he just hyping something again?

Locking up old coins can indeed push prices higher, but that's only if quantum computing actually arrives. Right now, there's no timetable for that, is there?

Tight supply sounds great, but the idea of coins disappearing permanently... we need to think about whether that's good news or bad news.

Saylor is really something. How can he turn everything into good news for Bitcoin? Does he truly believe it, or is he just selling books?

As for the quantum threat, I personally don't think it will happen in the short term, but it's not wrong to be prepared just in case.

Basically, the less supply, the higher the price. Those who understand, understand. This logic has been overused in Web3 for a long time.

Ha, if that's really the case, then my old, forgotten addresses will appreciate in value?

AirdropSkeptic · Answer

Wait, is Seller suggesting that quantum computing is actually good for Bitcoin? Those dormant coins that are locked or lost are permanently gone... Isn't that essentially a form of reduction in supply? Haha

If old coins think this way, it’s indeed interesting, but the problem is who dares to guarantee that the migration process won't go wrong?

If 16 million coins are in circulation, the potential value is indeed huge, but the premise is that nothing unexpected happens.

HodlOrRegret · Answer

Selle's logic is indeed impeccable, quantum threats instead become a scarcity catalyst, clever.

Wait, can lost coins really be locked forever? Wouldn't that actually benefit the existing holders?

Reducing supply from 2100 to 1600, it has to skyrocket, right?

But on the other hand, is there really a day when quantum decryption becomes possible? Seems still far off.

Can this logic be self-consistent? I'm a bit confused.

How to calculate the upgrade costs, who pays for the migration expenses of ordinary users?

As for the tightening of supply, it feels like someone is trying to use it as an excuse to dump.

Long-dormant addresses being forced to activate—who's tracking this data?

Feels like another "future studies" hype; I think I'll just keep hodling.

CryptoPunster · Answer

Quantum computing is here, and the retail investors are trembling. Selle's guy is actually thinking beautifully: turning crises into opportunities, losses into supply tightening. Truly well-intentioned.

Wait, talking about the coins that are lost and removed from circulation is easy. So whose coins are considered lost? Mine?

Clever, another reason for me to transfer my coins to a new address. This time it's really for security... rather than because I can't find my wallet address due to having too many.

The supply shrinks from 21 million to 16 million. It sounds more scarce, but can my small holdings appreciate? That's the question.

Selle is really thinking about how to clean Bitcoin's reputation every day. This time, looking at it from a different angle is indeed interesting. I just don't know who will be migrated out in the end.

Quantum computing is coming? Bitcoin's quantum-resistant upgrade may become a catalyst for supply tightening

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