Michael Saylor says bitcoin has likely bottomed, quantum risk overblown

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Michael Saylor says bitcoin has likely bottomed, quantum risk overblown Speaking at a Mizuho event, the Strategy (MSTR) executive chairman said the formation of banking credit pairing with digital credit will be the catalyst for the next bull market. By Francisco Rodrigues | Edited by Stephen Alpher Apr 8, 2026, 6:35 p.m. Make preferred on (Vladislav Maslow/Unsplash) What to know : Bitcoin likely bottomed near $60,000 in early February when forced sellers were flushed out, said Michael Saylor at a Mizuho event. Bitcoin's next price surge could come from the development of banking and digital credit markets built on BTC. The quantum threat to bitcoin is theoretical and likely decades away, he argued. Michael Saylor, executive chairman of Strategy (MSTR), believes bitcoin likely bottomed in early February at $60,000. Speaking at a recent Mizuho event, Saylor reiterated his long-held view that bottoms aren't necessarily about valuations but are driven by seller exhaustion, analysts Dan Dolev and Alexander Jenkins wrote. Trend reversals, he added, are driven more by capital structure and liquidity than by investor sentiment. Saylor now sees limited selling pressure amid growing demand from ETF inflows, which are absorbing daily supply, and companies shifting treasury assets into bitcoin. Bitcoin and Strategy’s next drivers As for the catalyst for the next bull market, Saylor believes it will be the formation of banking credit and digital credit on top of bitcoin. This will have bitcoin supporting more lending and credit activity beyond simple buy-and-hold demand. Digital credit already exists, said Saylor, in the form of Strategy's STRC preferred stock, whose beefy 11.5% yield remains well below the company's expectation of BTC's long-term appreciation. Strategy is “stretching” bitcoin “from a nonyielding asset into a capital markets engine," he said. On the recently hotly-debated topic of quantum computing, Saylor said the risks are overblown. The threat, he argued, is theoretical, likely decades away, and even then solvable. Mizuho retained its outperform rating on Stategy and $320 price target, suggesting about 150% upside from the current $127. Bitcoin News MicroStrategy More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You Bitcoin is above $70,000 on Iran ceasefire, but rally is turning cautious for good reasons By James Van Straten | Edited by Stephen Alpher 3 hours ago Leveraged bullish bitcoin positions remain near multi-year highs as bitcoin rebounds, hinting at underlying market uncertainty. What to know : Bitcoin is higher on the Iran ceasefire, but the rally is a cautious one — perhaps for good reason. Bitfinex margin long positions, which remain above 80,000 BTC, indicate that leveraged longs have not been reduced. Historically, elevated leveraged long positions have acted as a contrarian indicator, typically building during... Read full story Latest Crypto News Yuga Labs settles Bored Ape NFT lawsuit, ending fight over alleged copycat tokens 1 hour ago South Korea proposes cryptocurrency law with bank-style rules for stablecoins 2 hours ago The Protocol: Bernstein says quantum threat to Bitcoin is real but manageable 2 hours ago Crypto Long & Short: Asia’s digital asset crackdown: accountability gets personal 2 hours ago U.S. Treasury proposes demands that stablecoin firms be set to police bad transactions 2 hours ago Bitcoin is above $70,000 on Iran ceasefire, but rally is turning cautious for good reasons 3 hours ago Top Stories Saylor’s solo act: JPMorgan says Strategy is practically the only thing keeping crypto flows alive 4 hours ago Iran eyes crypto toll for oil tanker transits through Strait of Hormuz, according to FT 5 hours ago Adam Back denies he’s Satoshi Nakamoto after NYT report claims he’s Bitcoin’s creator 4 hours ago Morgan Stanley's bitcoin ETF opens today, giving BlackRock’s $55 billion IBIT fund its toughest rival yet 5 hours ago White House study bolsters crypto's stance in stablecoin yield fight against bankers 4 hours ago Attacking bitcoin mining with a quantum computer would require the energy of a star, academics say 12 hours ago