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Saylor: Bitcoin Bottom In, Next Phase Is Credit Markets
Michael Saylor said Bitcoin likely bottomed near $60K in early February, driven more by selling pressure exhaustion than valuation.
He noted:
• Selling pressure is now limited
• ETF inflows are absorbing supply
• Corporates continue adding BTC to treasuries
Saylor sees the next major catalyst as a Bitcoin based banking and digital credit system, turning BTC into a yield generating capital market layer.
On quantum computing risks, he said concerns are overstated and long term, with solutions expected before any real threat emerges.
Meanwhile, Mizuho maintains an outperform rating on Strategy with a $320 price target.
Bottom likely in.
Demand steady.
Next phase: Bitcoin finance.
#cryptofirst21 #GateSquareAprilPostingChallenge #MetaReleasesMuseSpark $BTC