Michael Saylor says Bitcoin $BTC is at the beginning of a bull market.
He said BTC may have bottomed in early February near $60,000, noting that bottoms form when sellers run out, not based on valuation, while ETF inflows absorb the daily supply.
He doesn’t see media hype as the catalyst for the next bullish phase. Instead, he points to the emergence of bank credit and digital credit backed by Bitcoin, such as Strategy’s STRC preferred stock.
Bitwise’s chief investment officer made a similar prediction, suggesting a new bull market could take shape this fall.
Has the bottom been confirmed, or is it still too early to tell? 👀
He said BTC may have bottomed in early February near $60,000, noting that bottoms form when sellers run out, not based on valuation, while ETF inflows absorb the daily supply.
He doesn’t see media hype as the catalyst for the next bullish phase. Instead, he points to the emergence of bank credit and digital credit backed by Bitcoin, such as Strategy’s STRC preferred stock.
Bitwise’s chief investment officer made a similar prediction, suggesting a new bull market could take shape this fall.
Has the bottom been confirmed, or is it still too early to tell? 👀