Michael Saylor, former CEO of Strategy, the largest corporate holder of Bitcoin, expressed during the Mizuho event in Miami that Bitcoin has already reached its minimum around $60,000. He also noted that concerns about quantum risks are significantly overstated.
This is reported by Business • Media
Bitcoin Has Reached a Local Minimum and Shows Stability
Saylor explained that reaching the bottom for a digital asset is usually related not so much to a reassessment of value but to the exhaustion of selling pressure. According to him, when Bitcoin dropped to the $60,000 level, it was due to the depletion of supply from those forced to sell the asset, particularly miners with problematic debt and weak financial performance.
According to market data, on February 6, 2026, Bitcoin recorded a local minimum at this level, representing a decline of about 50% from its all-time high. This contrasts with previous market cycles, where the depth of correction often exceeded 80%. ARK Invest CEO Cathie Wood described this change in volatility as an important achievement for the industry.
Among the factors that convinced Saylor of the market’s stability, he highlighted a steady influx of capital into Bitcoin-based exchange-traded funds, an overall improvement in macroeconomic liquidity amid anticipated interest rate cuts, and a reallocation of assets by large investors into cryptocurrency.
Bitcoin-Collateralized Lending and the Assessment of Quantum Risks
In Saylor’s opinion, the next important step for the market will be the development of a lending system backed by Bitcoin. He is convinced that this will become a powerful driver of demand for the primary cryptocurrency. As an example, Saylor cited the issuance of Strategy’s preferred shares under the ticker STRC, which have a floating yield rate exceeding the expected growth of Bitcoin’s price.
“The former CEO of Strategy believes that these risks are greatly overstated. In his view, the threat is theoretical in nature, its realization will likely take decades, and even then it can be overcome with timely infrastructure updates”
He emphasized that the real threats associated with the potential of quantum computing are far from practical implementation. Saylor is confident that even with the advancement of quantum technologies, the industry will be able to timely update its infrastructure and ensure the security of Bitcoin.
