Bitcoin may have bottomed out, quantum computing risks are exaggerated Michael Saylor, founder and executive chairman of Strategy, 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 allocations to Bitcoin are creating sustained demand. Saylor predicts the next bull market catalyst will be the formation of banking credit and digital credit systems built on Bitcoin, which will transform Bitcoin from a non-yielding asset into a capital market engine. As for the recent buzz around quantum computing threats, Saylor believes the risks are exaggerated. He says the threat remains theoretical and may not need to be addressed for decades, by which time solutions will be available.