Michael Saylor: Bitcoin fit don touch ground near $60K; ETFs and credit fit push di next rally
Michael Saylor (Strategy) talk say Bitcoin fit don land for bottom for early February around $60,000. Him talk say di selloff na more because sellers don tire than say market valuation show, and sey ongoing selling pressure no too much.
Saylor point out say spot ETF inflows na one important balancing force, sey ETF demand dey soak up market daily supply. Him still talk say corporate treasury allocations to Bitcoin fit add steady, small-step demand.
For front, him suggest say di next Bitcoin bull-market catalyst fit come when banks build Bitcoin-based credit and “digital credit” rails. For him view, dis go help Bitcoin change from non-yielding asset to one capital-markets engine.
On top quantum-computing threat, Saylor dismiss am say na overstated and mostly theoretical, fit be decades away, and solution fit show by then.
Separate, Mizuho reaffirmed “outperform” rating on Strategy and set $320 target versus about $127 then, which mean big upside.
Bullish
Saylor talk dey structurally support wetin people dey expect for Bitcoin price. By explain say early-February around ~$60K fit be likely bottom and talk sey sellers don tire, the news reduce how people dey see chance of another downside move. Em emphasis on spot ETF inflows as dem dey absorb daily supply dey relevant to near-term flows wey traders dey watch for stabilization and trend continuation. Adding say corporate treasury allocations fit happen make the idea of sustained institutional demand stronger pass say na only short-term speculation.
The long-term bullish argument — banks dey build Bitcoin-based and digital credit rails — show way Bitcoin fit get extra utility and maybe attract new capital channels, wey fit improve sentiment and risk appetite over time.
Dismissing the quantum-computing worry still dey support sentiment because e challenge that tail-risk story wey for dey weigh down positioning. Overall, the combined flow-support (ETFs/treasuries) and future-utility theme pass the lack of new immediate catalysts, leading to a bullish bias for Bitcoin itself.