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Exaggeration is probably to smash the market, these villains!
Michael Saylor: Bitcoin may have already bottomed out, quantum risk is exaggerated
On April 9, according to CoinDesk, Strategy founder Michael Saylor stated that Bitcoin likely bottomed around $60k in early February, when traders who were forced to sell had been wiped out of the market. The bottom is more determined by the exhaustion of sellers rather than valuation. He believes current selling pressure is limited, ETF capital inflows are absorbing daily supply, and corporate asset allocations to Bitcoin are also creating sustained demand.
Michael Saylor predicts that the next bull market catalyst will be the formation of bank credit and digital credit systems built on Bitcoin, which will transform Bitcoin from a non-yielding asset into a driver of the capital markets. Regarding the recent hot topic of quantum computing threats, he believes the risk is exaggerated, and quantum threats remain at the theoretical level and are likely to appear only decades later. There will also be solutions by then. Mizuho maintains its outperform rating on Strategy and a target price of $320, which has about 150% upside potential from the current $127 stock price. $BTC
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