Michael Saylor: Bitcoin likely bottomed at $60K

Strategy founder Michael Saylor stated that Bitcoin likely formed a bottom around $60,000 in February, CoinDesk reported. Speaking at an event hosted by global securities firm Mizuho, Saylor explained that a BTC bottom is determined more by the exhaustion of selling pressure than by valuation. He added that trend reversals are more influenced by changes in capital structure and liquidity than by investor sentiment. According to Saylor, current ETF inflows are absorbing daily sell volumes, and corporate adoption of Bitcoin for treasury purposes is limiting selling pressure. He also dismissed the threat of quantum computing as exaggerated, stating the risk is still theoretical and can be technologically addressed before it becomes a practical concern.