Saylor Says Bitcoin Bottomed Near $60,000, Points to Credit Built on BTC for Next Rally

Overview

• Michael Saylor told a Mizuho audience that Bitcoin likely set its floor near $60,000 in early February after over‑leveraged miners and other forced sellers finished unloading.
• He said steady demand now comes from spot Bitcoin ETFs, which are new funds that buy the coin directly, and from companies moving cash reserves into BTC.
• Saylor argued the next upswing will be driven by banking and digital credit built on Bitcoin, pointing to Strategy’s STRC preferred stock as an early example with an 11.5% yield.
• On security, he called quantum‑computing threats theoretical and far off, saying open‑source upgrades could harden Bitcoin well before any real attack.
• Mizuho kept an outperform rating on Strategy with a $320 target, signaling continued Wall Street support for the company’s Bitcoin‑focused strategy.