Strategy‘s (Nasdaq: MSTR) Michael Saylor is calling the Bitcoin bottom at around $60,000. Saylor, who has a net worth of around $8 billion, also claims that the rise of quantum computing tech does not pose a major threat to the Bitcoin network. According to Saylor’s assessment, these concerns (hyped up in the media) about quantum computers cracking Bitcoin’s cryptography are exaggerated.
Quantum Computers Will Crack Most Current Online Systems
While Saylor’s views are not held by him alone, he does seem to have a point: quantum computers will crack the cryptographic security of every HTTPS site, banking platform, and many more critical services that are arguably more important to global stability. So the focus on BTC here and other cryptocurrencies like Ethereum seems a bit strange or may just be a way to attract attention.
Nevertheless, the threat of quantum computers is quite real. But that does not mean that industry professionals led by British cryptographer Adam Back and others are not working on a solution to this seemingly imminent future problem. Currently, there are many experienced computer science experts tackling this very same issue and more than likely, it will simply require a system-wide software update.
Iran-US Conflict Likely to Bring Down BTC Price Further Below $60K
In addition to the quantum threat, the BTC price could face downward pressure if the US-Iran conflict gets worse. For now, there has been a tentative / fragile ceasefire but it is more likely the case that this concerning conflict will drag on. Interestingly, Bitcoin behaves more like a risk asset than a safe have or store of value during these uncertain times (like we saw during the initial few months of the COVID crash before a historic rally). It trades more like a tech stock instead of more stable stores of value like the gold bullion.
It could be argued that since Bitcoin is a relatively new asset, it’s still sort of in price discovery mode. However, one interesting development that Saylor may be pointing to is that every cycle, Bitcoin seems to record lower lows. The Bitcoin price is down from around $126,000 on October 6, 2025 to currently around $70,000.
Bitcoin Price Drop Not as Steep in 2026, Compared to 2020-2022 Cycle
If we compare this current drawdown to the 2020-2022 cycle, then we will notice that BTC price plunged from an its high of $69,000 in late 2021 all the way down to about $16,000 in 2022. This price drop was considerably more pronounced and it was partially attributed to the FTX collapse, and the spectacular implosion of Do Kwon‘s (not so stable) stablecoin focused Terra Luna project.
While Saylor’s $60,000 BTC bottom prediction seems reasonable for now, it does not take into account the significant potential for geopolitical tensions to worsen considerably more in the near-term. During Q1 2026, the Bitcoin and crypto markets experienced considerable volatility which may be attributed to macro- and micro- issues. It’s also accurate or fair to say that nobody could have predicted that the Iran conflict would abruptly emerge on February 28, 2026.
Bitcoin Volatility Surges when Geopolitical Tensions Rise
It’s also evident based on current developments that the Bitcoin price fluctuates significantly when geopolitical tensions escalate. And regardless of the store-of-value narrative that Bitcoin maximalists like to promote, the world’s largest cryptocurrency simply does not perform well when tensions are high. This trend is seen clearly when we examine CoinMarketCap’s Fear and Greed Index. It’s also obvious when we look at social media posts across X and other channels as well.
Currently, investors and traders are very anxious and jittery about what will happen next. Many people are betting on a recession this year and inflation / jobs data have not done too well in the past year either, largely due to the workforce disruption caused by AI.
Market Will Most Likely Go Much Lower
At present, it seems like that market can go lower, much lower. MARA Holdings, one of largest corporate holders of Bitcoin, liquidated a large portion of its BTC. Many other companies including Bitcoin treasury firm Nakamoto had to sell its BTC as well. Clearly, these are tough times and it seems like we are going to go further down from here.
But if we take the long view, let’s say 2 years from now, then Bitcoin and the price of other digital assets will most likely increase substantially from current levels. This is partly due to the fact that the US dollar and other fiat currencies will continue to lose their purchasing power over time. Given these trends, it is most likely a good idea to dollar-cost average (DCA) into any investment portfolio. Time in the market is better than timing the market (which nobody can get right it seems).