Michael Saylor, founder of Strategy, suggests that Bitcoin may have bottomed out around $60,000 in February, with the bottom driven more by a contraction in seller supply than by traditional valuation factors. He points out that continued inflows into ETFs are absorbing new supply into the market, while corporate inclusion of Bitcoin in their treasury portfolios provides stable demand. Saylor believes the key to future price movements may lie in the credit system built around Bitcoin, transforming it from a non-interest-bearing asset into a capital market tool. Regarding the threat of quantum computing, he states that the risks are overestimated and remain theoretical in the short term. (CoinDesk)