Bitcoin may have bottomed near $60,000, and the quantum computing risk may be overstated.

Saylor: Bitcoin May Have Bottomed at $60K, Driven by Supply Squeeze

Bitcoin may have already found its bottom, according to Strategy founder Michael Saylor. He said the cryptocurrency likely bottomed around $60,000 in February—driven more by a supply squeeze from sellers than traditional valuation factors.

ETF inflows are absorbing new supply, Saylor noted, while corporate treasury allocations are also providing steady demand. Looking ahead, he believes the key to the next move could be a credit system built around bitcoin—transforming it from a non-yielding asset into a capital markets tool. As for quantum computing threats, Saylor said the risks are overblown and remain theoretical in the near term.