Michael Saylor says Bitcoin bottom near $60,000 as quantum threat to BTC network is exaggerated

Michael Saylor, co-founder of MicroStrategy and a prominent Bitcoin advocate, has said he believes Bitcoin’s bottom is likely around $60,000. Saylor, whose net worth is described in the article as around $8 billion, also argued that advances in quantum computing do not pose a major threat to the Bitcoin network, saying media claims that quantum computers could crack Bitcoin’s cryptography are exaggerated.

Quantum computing risk: Saylor says concerns are overstated

The article notes that quantum computers would be capable of breaking the cryptographic security used by many current online systems, including HTTPS and banking platforms. Against that backdrop, it says the focus on Bitcoin—and other cryptocurrencies such as Ethereum—may be misplaced or driven by attention-grabbing narratives.

It also states that the quantum threat is real, but that experts in the field—including British cryptographer Adam Back—are working on solutions. The article suggests the response will likely involve a system-wide software update rather than an immediate collapse of security.

Geopolitical pressure: Iran-US conflict could weigh on BTC

Beyond the quantum discussion, the article points to potential downside pressure on Bitcoin if the US-Iran conflict worsens. It describes the current situation as a tentative or fragile ceasefire, but says the conflict is more likely to drag on.

It further argues that Bitcoin is behaving more like a risk asset than a safe haven during periods of uncertainty, trading more like a tech stock than like more stable stores of value such as gold.

Price action and cycle comparisons

The article cites a pattern of “lower lows” across Bitcoin cycles and provides specific price references. It says Bitcoin is down from around $126,000 on October 6, 2025 to around $70,000 at the time of writing.

For comparison, it describes the 2020–2022 drawdown: Bitcoin fell from a late-2021 high of about $69,000 to roughly $16,000 in 2022. The article attributes that decline in part to the FTX collapse and the collapse of Do Kwon’s Terra Luna project.

Volatility rising amid geopolitical and macro concerns

The article says Bitcoin volatility has increased during Q1 2026 and links that movement to macro and micro issues. It also says the Iran conflict emerged abruptly on February 28, 2026, contributing to uncertainty.

It adds that Bitcoin’s price appears to fluctuate significantly when geopolitical tensions escalate, and it references the CoinMarketCap Fear and Greed Index as evidence of investor sentiment. It also claims the same pattern is visible across social media platforms such as X.

Market outlook: further downside and corporate selling

The article states that investors and traders appear anxious and that many are betting on a recession this year. It also says inflation and jobs data have not performed well over the past year, attributing some of the pressure to workforce disruption linked to AI.

It then argues that the market could go lower, “much lower,” citing corporate actions. Specifically, it says MARA Holdings—described as one of the largest corporate holders of Bitcoin—liquidated a large portion of its BTC. It also says other companies, including Bitcoin treasury firm Nakamoto, sold BTC.

Longer-term view: potential recovery and dollar-cost averaging

Despite the near-term caution, the article presents a longer-term outlook. It says that over a two-year horizon, Bitcoin and other digital assets are “most likely” to increase substantially from current levels, citing ongoing currency purchasing-power erosion as a factor.

Finally, it recommends dollar-cost averaging (DCA) into an investment portfolio, stating that time in the market is preferable to trying to time market moves.