Michael Saylor: Bitcoin May Have Bottomed Out in Early February, Quantum Computing Threat Risks Are Overstated

On April 9, Strategy co-founder Michael Saylor stated at an event hosted by Mizuho (Japan's Mizuho Financial Group) that Bitcoin is likely to have bottomed around $60k in early February, with the bottom more determined by seller exhaustion than valuation.

Saylor believes that current market selling pressure is limited, mainly due to ETF fund inflows absorbing daily supply, and more companies reallocating assets into Bitcoin.

Regarding the next bull market catalyst, Saylor thinks it will be the establishment of a Bitcoin market system built on bank credit and digital credit markets, which will also turn Bitcoin from a non-yielding asset into a growth engine for the capital markets.

On the recent hot topic of quantum computing threats, Saylor considers the related risks to be exaggerated. He argues that this threat is theoretical and may take decades to become a reality, by which time solutions will also be available.

Furthermore, Mizuho maintains its outperform rating on Strategy and a target price of $320, representing about 150% upside from the current share price of $127.

While Saylor’s optimistic outlook provides a reference for investors, uncertainties such as regulatory policies and macroeconomic factors could still significantly impact the Bitcoin market. Investors should remain rational and manage risks carefully while seizing opportunities.

#比特币 #Quantum computing threat