- Speaking at At a Mizuho investor event, Michael Saylor said that the price of Bitcoin had already bottomed out in February at $60,000.
- In his opinion, weak hands have left the market, but institutional ones remain.
- The risks of quantum computing, in his opinion, are exaggerated, so Bitcoin has a bright future.
Michael Saylor считает that Bitcoin, likely bottomed at $60,000, and pointed to a familiar pattern whereby declines end not with improved sentiment but with the depletion of forced sellers. He made this statement while speaking at a Mizuho investor event.
According to him, the latest decline was primarily caused by over-leveraged miners and weaker market participants liquidating their holdings. As supply shrinks, the balance is shifting. Saylor pointed to more stable demand for exchange-traded funds, rising liquidity expectations, and rising corporate treasury holdings as factors limiting further declines.
The expert notes that market conditions currently appear asymmetrical. In other words, as demand grows, sales become less intense.
Saylor also touched on the topic of quantum computing, commenting on concerns that advances in this field will compromise Bitcoin’s cryptographic systems. He believes the risks are minor and manageable, and any real threat will manifest slowly enough for the network to adapt. Therefore, Bitcoin’s open-source design will allow developers to implement quantum-resistant updates long before attacks become a reality.
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