PANews reported on April 9th, citing CoinDesk, that Strategy founder and executive chairman Michael Saylor stated at an event hosted by Mizuho that Bitcoin likely bottomed out around $60,000 in early February, with the bottom determined more by selling pressure exhaustion than valuation. He believes current selling pressure is limited, ETF inflows are absorbing daily supply, and continued demand is being generated by companies allocating treasury assets to Bitcoin. Saylor predicts the catalyst for the next bull market will be the formation of a banking and digital credit system built on Bitcoin, which will transform Bitcoin from a non-interest-bearing asset into a capital market engine. Regarding the recently discussed threat of quantum computing, Saylor believes the risk is exaggerated; the threat remains theoretical and may not be addressed for decades, by which time solutions will already exist. Mizuho maintains its outperform rating on Strategy with a $320 price target, representing approximately 150% upside from the current share price of $127.