Michael Saylor: Bitcoin may have bottomed out, quantum computing risks are exaggerated According to CoinDesk, Michael Saylor, founder and executive chairman of MicroStrategy, stated at an event hosted by Mizuho that Bitcoin likely bottomed out near $60,000 in early February, with the bottom driven more by seller exhaustion rather than valuation. He believes current selling pressure is limited, ETF inflows are absorbing daily supply, and corporate treasury asset allocation into Bitcoin is creating sustained demand. As for the recent buzz around quantum computing threats, Saylor thinks the risks are exaggerated. He said the threat remains theoretical and may not need to be addressed for decades, by which time solutions will be available.