Michael Saylor: Bitcoin May Have Bottomed Near $60,000, Quantum Computing Risks Overstated

Odaily News: At a Mizuho investor event, Michael Saylor, Executive Chairman of MicroStrategy, stated that Bitcoin may have bottomed near $60,000 as forced sellers exit the market. Saylor pointed out that the recent decline was primarily driven by over-leveraged miners and weak market participants liquidating their positions. As this supply is cleared, the market balance will shift. Additionally, Saylor dismissed the threat of quantum computing to the Bitcoin network, stating that the risk remains theoretical and long-term. He noted that Bitcoin's open-source structure allows developers to introduce quantum-resistant upgrades before any potential attack occurs.