logo

Michael Saylor: Bitcoin may have bottomed out, quantum risks are exaggerated

By: rootdata|2026/04/09 11:42:01
0
Share
copy
when-vipwhen-vip
etfsol2024etfsol2024

According to market news, Strategy founder Michael Saylor stated that Bitcoin likely bottomed around $60,000 in early February, when forced sellers were cleared from the market. The bottom is more determined by seller exhaustion rather than valuation. He believes that current selling pressure is limited, ETF inflows are absorbing daily supply, and corporate allocation of financial assets to Bitcoin is also creating sustained demand.

Michael Saylor predicts that the catalyst for the next bull market will be the establishment of a banking credit and digital credit system built on Bitcoin, which will transform Bitcoin from a non-yielding asset into a capital market engine. Regarding the recently discussed threat of quantum computing, he believes the risks are exaggerated, and quantum threats remain theoretical and are likely to emerge decades later. By then, there will also be solutions. Mizuho maintains an outperform rating on Strategy with a target price of $320, which offers about 150% upside from the current stock price of $127.

-- Price

--

You may also like

What are the noteworthy signals for the cryptocurrency industry after the Wash hearing?

Although this hearing ostensibly focuses on the independence of the Federal Reserve, it is actually a direct confrontation over the boundaries of power between the White House, Congress, and the central bank.

High ETH BTC Price Ratio: What It Means for Traders in 2026

Explore why the eth btc price ratio just hit a 10-week high in April 2026. We analyze the massive ETH ETP inflows and what this historic pivot means for your trading strategy this year. Is Ethereum finally ready to outpace Bitcoin?

What Is the New York Lawsuit Against Coinbase? Is Your Crypto Safe After the April 2026 Case

Wondering why New York sued Coinbase and Gemini in April 2026? Here's what the lawsuit means, whether your crypto funds are safe right now, and what could change for crypto users next.

Finally, Polymarket is teaming up with Kalshi to take a bite out of this cake

The two giants in the prediction market are expected to successively announce the expansion of perpetual contract products in the short term. This not only expands their product and revenue boundaries and supports the continuously rising financing and valuation but also responds to the potential thr...

ENI officially announces the completion of its strategic brand upgrade: advancing from a foundational protocol to a global institutional-level financial new infrastructure

ENI has announced a comprehensive brand upgrade, officially transitioning from a foundational public chain to an "Enterprise Blockchain as a Service (BaaS) platform," dedicated to building a global bridge connecting traditional finance and Web3.

The person who brings Web3 closest to AI

If not liquidated, the AI project he invested in has now reached a valuation of several billion dollars.
The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

22:42

The Dow Jones Index opened up 327.27 points, and both the S&P 500 and Nasdaq rose

According to Jinshi reports, the Dow Jones Industrial Average opened on April 22 (Wednesday) with an increase of 327.27 points, a rise of 0.67%, closing at 49,476.65 points; the S&P 500 index rose by 49.23 points, an increase of 0.7%, closing at 7,113.24 points; the Nasdaq Composite Index increased ...
22:42

A family in France was the victim of a gunpoint invasion and kidnapping, with 700,000 euros in encrypted assets being looted

According to French media reports, on the morning of April 20 local time, a malicious "targeted robbery of crypto assets" occurred in Ploudalmézeau, France: two masked gunmen broke into a residence, controlling and binding a family of five (including two children and two elderly individuals) for sev...
22:42

Data: If BTC falls below $74,880, the cumulative long liquidation intensity on major CEX will reach $2.054 billion

According to Coinglass data, if BTC falls below $74,880, the cumulative long liquidation intensity on mainstream CEX will reach $2.054 billion. Conversely, if BTC breaks above $82,692, the cumulative short liquidation intensity on mainstream CEX will reach $1.224 billion.
22:42

Data: If ETH falls below $2,296, the cumulative long liquidation intensity on major CEXs will reach $1.405 billion

According to Coinglass data, if ETH falls below $2,296, the cumulative long liquidation intensity on mainstream CEX will reach $1.405 billion. Conversely, if ETH breaks above $2,535, the cumulative short liquidation intensity on mainstream CEX will reach $678 million.
22:42

U.S. stocks rise further, with the Nasdaq up 1%

According to Jinshi reports, the US stock market gains have expanded, with the Nasdaq rising by 1%.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com