Michael Saylor says bitcoin has likely bottomed, quantum risk overblown

What Happened

Michael Saylor, Strategy's executive chairman, stated bitcoin likely bottomed at $60,000 in early February. He attributes market reversals to seller exhaustion and capital structure rather than sentiment. Saylor expects ETF inflows and corporate treasury purchases to reduce selling pressure. He predicts banking credit systems built on bitcoin will drive the next bull market. Saylor dismissed quantum computing threats as theoretical and decades away. Mizuho maintains outperform rating on Strategy with $320 price target.

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