Composer update error?

Question

PHP

I have php 8
Trying to run composer update command. I get:
Your requirements could not be resolved to an installable set of packages.
Problem 1
- Root composer.json requires php ^7.2.5 but your php version (8.0.0) does not satisfy that requirement.

Answer 1

composer update --ignore-platform-reqs
Or specify a new version of php in composer.json, if everything will work under it in the end.