Bitcoin is fighting back hard, breaking through the $70,000 wall after Thursday’s ugly drop to $60,000. Things are calming down now, and the price is at $70,147. It went up 1.3% today, with a spike to $70,720. This is the first time the price has been above this psychological level since early February, when wipeouts wiped out all the Trump pump. CoinDesk is buzzing about this relief rally after a lot of fear (Fear & Greed at 18). The volume in the last 24 hours was $185 billion, showing that buyers are coming back in. Michael Saylor, MicroStrategy’s BTC evangelist, is here to talk about the quantum boogeyman that has people worried about network Armageddon.
Saylor calmed the panic in a CNBC spot and a fire X thread by saying, “Bitcoin’s built quantum-tough from the jump.” He said that Taproot upgrades from 2021 will improve privacy and efficiency. Developers are waiting in line to add post-quantum fixes like Dilithium signatures through soft forks, so there is no need for messy hard forks. “Quantum needs millions of clean qubits; we’re talking decades out, and BTC evolves quicker than the nerds can build ’em,” he said, making fun of Google’s loud 105-qubit Willow flop. This was a response to Bitwise’s Rasmussen and his calls for doom that cost $50,000. Saylor’s team? I got 10,000 more BTC during the dip, so my stack is now over 446,000. That’s a lot of skin in the game.
The techs were perfectly lined up for the snap. Held $68,840 lows, and the RSI screaming oversold at 25 brought in whale and institutional buyers. $70,000 went from being a resistance level to a support level, and Polymarket odds went from 9% crash bets to 74% for February holds here. ETFs turned green—BlackRock’s IBIT slurped up $500 million on Friday, turning that $12 billion outflow nightmare into a $12 billion inflow. Alts also went up: ETH by 2.5% and XRP by 4%. The Nasdaq is steadying after a drop in tech stocks. But YTD? Still down 16% from the October high of $126,000—winter’s got teeth.
Macros pushed it. Fed minutes hint at rate cuts in March, even though Warsh is talking tough. The dollar drops. Trump stops talking trash about tariffs in trade talks, and bets on inflation go down. After the power crunch, miners stopped dumping, leverage unwound, and funding rates stayed at 0.01%. Saylor brought it back to the basics: halvings lock in scarcity (next one in 2028), and nation-state buys, like U.S. reserve whispers, set floors. Quantum FUD blew up on CNBC, and Google Trends went up by 300%. It got a lot of attention from retail.
Saylor’s mic drop happened while he was doing a lot of soul-searching. After the crash, myths died: the BTC-gold link was broken (gold is up 72% YTD), but the hashrate is in beast mode at 700 EH/s, which is funny considering all the quantum hype. Devs are working on quantum-safe BIPs, and ETH zk-proofs are also in the mix. Yes, Shor’s could break ECDSA on a large scale, but Pay-to-Quantum-Resistant changes are ready. Saylor got it right: “BTC is antifragile—FUD makes steel.” MicroStrategy’s BTC yield has been 2,500% since 2020. The HODL gospel.
Cautious hype about the road ahead. The next level is $75,000, but if you slip, you could lose $65,000. Polymarket is at 74% for a $70,000 February hold, but the endgame for 2026 is already here: Alexander has $75,000 in bears, and Yang has $225,000 in bulls. CoinShares keeps an eye on the Fed drama; ETFs control the flows. Trump dereg like the GENIUS Act? Bullish. Tariffs and the Fed? Bumps in the road. Memes drive sales; whales stack up quietly. Saylor’s quantum roast turns the tables, going from freakout to glow-up. BTC is grinding up to $70,000. Is this a winter melt or a fakeout? History bets on bulls after they are oversold; worries turn into fixes.
