Michael Saylor: Bitcoin may have bottomed out, quantum risks are exaggerated
By: rootdata|2026/04/09 11:42:01
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According to market news, Strategy founder Michael Saylor stated that Bitcoin likely bottomed around $60,000 in early February, when forced sellers were cleared from the market. The bottom is more determined by seller exhaustion rather than valuation. He believes that current selling pressure is limited, ETF inflows are absorbing daily supply, and corporate allocation of financial assets to Bitcoin is also creating sustained demand.
Michael Saylor predicts that the catalyst for the next bull market will be the establishment of a banking credit and digital credit system built on Bitcoin, which will transform Bitcoin from a non-yielding asset into a capital market engine. Regarding the recently discussed threat of quantum computing, he believes the risks are exaggerated, and quantum threats remain theoretical and are likely to emerge decades later. By then, there will also be solutions. Mizuho maintains an outperform rating on Strategy with a target price of $320, which offers about 150% upside from the current stock price of $127.
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