ChainThink reports that, according to The Block, Michael Saylor, Executive Chairman of Strategy, said at the Mizuho investor event that Bitcoin may have bottomed near $60,000 as forced sellers exit the market.
Michael Saylor noted that the recent decline in Bitcoin was primarily driven by liquidations from over-leveraged miners and weak market participants, and as supply clears, market equilibrium will shift.
Additionally, Michael Saylor dismissed the threat of quantum computing to the Bitcoin network, stating that the risk remains theoretical and far off in time, and that Bitcoin’s open-source structure allows developers to implement quantum-resistant upgrades before any attack occurs.