TLDR Tech / Crypto
Bitcoin Likely Bottomed Near $60K, Quantum Risk Overblown
Strategy's Michael Saylor said bitcoin likely bottomed in early February near $60,000, citing improving macro liquidity from rate-cut expectations, sustained ETF inflows absorbing daily supply, and corporates reallocating treasury assets into BTC. On quantum computing risk, Saylor dismissed the threat as theoretical and decades away, arguing Bitcoin's open-source design allows for cryptographic upgrades well before a credible attack vector materializes. He identified the formation of banking credit and digital credit built on top of Bitcoin as the next major catalyst for price appreciation.
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