Bitcoin permabull and Strategy Executive Chairman Michael Saylor suggests that Bitcoin (BTC) may have already established a price bottom, while also downplaying growing concerns about potential risks posed by quantum computing to the network.
Saylor Flags $60K as Bitcoin’s Bottom Zone
At a recent Mizuho investor event, Saylor stated that BTC already formed a bottom around the $60,000 mark in early February, emphasizing that market declines typically end when forced selling runs its course rather than when investor sentiment begins to recover.
In his view, the recent decline was primarily triggered by over-leveraged miners and weaker market participants being forced to sell their holdings.
As that excess supply is absorbed, Saylor argues that the market dynamics begin to stabilize. He highlighted sustained spot exchange-traded fund (ETF) inflows, expectations of improving liquidity, and increasing corporate treasury adoption as key forces that could help cushion further downside.
In Saylor’s opinion, the market is beginning to look bullish, as selling pressure appears to be fading while demand continues to build.
 
Bitcoin has surged back above the $70,000 mark after sliding to roughly $67,000 earlier in the week, with the rebound partly fueled by a temporary U.S.–Iran ceasefire that eased geopolitical tensions and put downward pressure on oil prices. As of writing, the pioneer crypto was trading around $71,034, representing a 1.2% drop for the day.
Why Quantum Fears May Be Overblown
On the increasingly debated topic of quantum computing, Michael Saylor argued that the perceived risks are exaggerated.
According to the Strategy boss, the risks are both distant and manageable, adding that any credible quantum threat would likely develop gradually, giving the network sufficient time to adapt.
Bitcoin’s open-source design, according to Saylor, would enable developers to implement quantum-resistant upgrades in advance, well before any such attacks become feasible.
Meanwhile, not everyone shares that level of confidence. Researchers at Google have recently cautioned that quantum computers capable of breaking elliptic-curve cryptography, the digital signature system used by Bitcoin wallets, could come sooner than anticipated, intensifying discussions around how urgently the industry needs to shift toward new cryptographic standards.
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