Michael Saylor: Bitcoin may have bottomed out; the risks of quantum computing have been exaggerated.

CoinFeed reported on April 9th, citing CoinDesk, that Michael Saylor, founder and executive chairman of Strategy, stated at an event hosted by Mizuho that Bitcoin likely bottomed out around $60,000 in early February, with the bottom determined more by selling pressure rather than valuation. He believes current selling pressure is limited, ETF inflows are absorbing daily supply, and corporate asset allocation to Bitcoin is creating sustained demand. Saylor predicts the catalyst for the next bull market will be the formation of a banking and digital credit system built on Bitcoin, transforming it from a non-interest-bearing asset into a capital market engine. Regarding the recently discussed threat of quantum computing, Saylor believes the risk is exaggerated; the threat remains theoretical and may not be addressed for decades, by which time solutions will already exist.