Huo Xing Cai Jing reports that on April 9, according to CoinDesk, Michael Saylor, founder of MicroStrategy, stated that Bitcoin likely hit its bottom near $60,000 in early February, when forced sellers had been cleared from the market. The bottom was determined more by seller exhaustion than by valuation. He believes current selling pressure is limited, as ETF inflows are absorbing daily supply, and corporate treasury allocations to Bitcoin are generating sustained demand. Saylor predicts that the next bull market catalyst will be the formation of a banking and digital credit system built on Bitcoin, transforming it from a non-yielding asset into a capital markets engine. Regarding recent concerns about quantum computing threats, he considers the risk exaggerated, as quantum threats remain theoretical and are unlikely to materialize for decades; by then, solutions will likely exist. Mizuho maintains its Outperform rating on MicroStrategy and a $320 price target, representing approximately 150% upside from the current stock price of $127.
Michael Saylor: Bitcoin Likely Hit Bottom in February, Quantum Risk Overblown
MarsBitShare
Summary
Michael Saylor, founder of MicroStrategy, said Bitcoin likely hit a bottom near $60,000 in early February, with forced sellers now out of the market. He emphasized that value investing in crypto remains viable, as ETF inflows absorb daily supply and corporate treasury allocations drive demand. Saylor also dismissed quantum computing risks as overblown and theoretical. He sees the next bull market being fueled by a Bitcoin-based banking system, which could transform risk management in the crypto space.
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