Michael Saylor, Executive Chairman of Strategy (MSTR), told analysts at a Mizuho event in Miami that Bitcoin has likely already hit its bottom.
Saylor said Bitcoin bottomed around $60,000 in early February. He explained that crypto bottoms are not about valuations — they happen when forced sellers are fully exhausted.
Those forced sellers, he said, include over-leveraged miners and companies with weak balance sheets. Once they are flushed out, selling pressure drops sharply.
Saylor pointed to several factors now supporting Bitcoin’s price. These include rate-cut expectations improving macro liquidity, steady ETF inflows absorbing daily supply, and companies moving treasury assets into Bitcoin.
He said trend reversals are driven more by capital structure and liquidity than by investor sentiment.
Saylor identified the formation of banking credit and digital credit on top of Bitcoin as a key upcoming catalyst.
Digital credit already exists, he said, pointing to Strategy’s STRC preferred stock as an example. It carries an 11.5% yield, which Saylor says is still well below his long-term expectations for BTC appreciation.
Banking credit built on Bitcoin does not yet exist but should develop over time, according to Saylor. He described Strategy as “stretching” Bitcoin “from a nonyielding asset into a capital markets engine.”
Strategy also announced it is forming a Bitcoin security council. The council will include other large institutional stakeholders and focus on research and communications.
On quantum computing, Saylor pushed back on recent concerns. He called the threat theoretical and said it is likely decades away from being practically relevant.
He added that Bitcoin’s open-source structure allows for cryptographic upgrades well before any real attack becomes possible.
Mizuho analysts Dan Dolev and Alexander Jenkins covered the event and kept their Outperform rating on Strategy shares. Their price target remains $320, which implies roughly 150% upside from Strategy’s current price of around $127.
The post Bitcoin (BTC) Price Prediction: Michael Saylor Says BTC Likely Bottomed at $60K as ETF Inflows Grow appeared first on CoinCentral.
