Michael Saylor believes that Bitcoin has likely already bottomed — around the $60,000 mark. He said this during an investor event hosted by Mizuho.
According to Saylor, the recent decline was mainly driven by excessive leverage among miners and weaker market participants forced to sell assets under pressure.
“As soon as that selling pressure is exhausted, the balance between buyers and sellers will be restored,” he said.
Saylor also pointed to several factors that could limit further downside: steady demand from ETFs, improving liquidity expectations, and growing corporate interest in Bitcoin as a treasury asset.
He also addressed the increasingly discussed topic of quantum computing and its potential threat to Bitcoin’s cryptography. In his view, the risks do exist, but they remain distant and manageable.
“The threat will develop gradually, and Bitcoin’s open-source nature will allow developers to implement quantum-resistant upgrades long before such attacks become feasible in practice,” he stated.
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