Michael Saylor Suggests Bitcoin May Have Bottomed, Downplays Quantum Computing Risks

PANews posted on X (formerly Twitter). Michael Saylor, founder and executive chairman of MicroStrategy, expressed at a Mizuho event that Bitcoin likely reached its bottom near $60,000 in early February. He attributed this bottoming more to a depletion of sellers rather than valuation factors. Saylor noted that current selling pressure is limited, with ETF inflows absorbing daily supply and corporations allocating treasury assets to Bitcoin, which sustains demand. Regarding the recent discussions on the threat of quantum computing, Saylor believes the risks are overstated. He stated that the threat remains theoretical and may not need to be addressed for several decades, by which time solutions will likely be available.