Michael Saylor Says Bitcoin Bottomed at $60K
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- Michael Saylor said Bitcoin likely bottomed near $60,000 in early February when forced sellers were flushed out.
- Mizuho retained its outperform rating on Strategy and a $320 price target, implying about 150% upside from the current $127 share price.
- Strategy’s STRC preferred stock offers an 11.5% yield, which Saylor says is below the expected long‑term appreciation of Bitcoin.
- ETF inflows are absorbing daily Bitcoin supply, reducing selling pressure according to Saylor.
- Banking and digital credit markets built on Bitcoin are expected to drive the next price surge, Saylor argued.
- Quantum threat to Bitcoin is theoretical and likely decades away, and even then solvable, Saylor said.
Why it matters: Strategy’s shareholders stand to benefit from Saylor’s view that Bitcoin’s price floor is set and that new credit‑linked products could boost demand, while investors betting on short‑term price spikes may see limited upside as ETF inflows already soak up daily supply.
