Michael Saylor Says Bitcoin Bottoming Near $60K, Eyes Spring Rebound as Miner Supply Absorbed

BTC-1.12%
According to Michael Saylor, founder of MicroStrategy, in a CNBC interview, Bitcoin has declined from a high of approximately $125,000 to near $60,000 and is now entering a recovery phase with strong support at current levels. Saylor predicted the market will rebound from its current position, noting that miner supply of newly produced Bitcoin is being fully absorbed by the digital credit market.
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