Saylor Says "Bitcoin Has Bottomed Out"

Amid widespread panic, MicroStrategy (now Strategy) founder Michael Saylor issued a clear bullish signal. He said Bitcoin is very likely to have bottomed out around $60,000 in early February, when traders forced to sell had been cleared out of the market. The bottom is determined more by sellers being exhausted than by valuation. He further noted that current selling pressure is limited, ETF capital inflows are absorbing daily supply, and allocating corporate treasuries to Bitcoin also brings sustained demand.

Regarding the quantum computing threat that has been a hot topic in recent markets, Saylor said the risk is "greatly exaggerated" outright—quantum threats still remain at the theoretical level, and it is likely they won’t emerge for decades. By then, Bitcoin's open-source architecture will fully allow upgrades at the cryptographic layer. Mizuho Bank maintains its "outperform the market" rating for Strategy and a target price of $320, which offers about 150% upside compared with the current stock price.
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