Saylor Dismisses “Quantum Fear” as Bitcoin Sinks to $64,300 Amid Trump Tariff Shock
The crypto market is getting a brutal wake-up call in February 2026. With Bitcoin (BTC) plummeting below the critical $65,000 level...
Quick overview
- Bitcoin has dropped below $65,000, with Michael Saylor addressing concerns over the 'Quantum Threat' as overblown.
- Saylor believes that significant quantum threats to Bitcoin's encryption are at least a decade away and that upcoming upgrades will enhance its security.
- The recent price decline is attributed to a lack of access to traditional bank credit and the practice of rehypothecation, alongside market reactions to President Trump's new tariffs.
- Investors are advised to focus on macroeconomic indicators rather than cryptographic fears, as Bitcoin's price is closely tied to global trade conditions.
The crypto market is getting a brutal wake-up call in February 2026. With Bitcoin (BTC) plummeting below the critical $65,000 level, a drop of some 8 months, and industry doyen Michael Saylor is trying to put a lid on a different kind of panic: the “Quantum Threat.”
While traders are panicking over that 5% daily price drop triggered by President Trump slapping a 15% global tariff, Saylor’s looking way ahead – dismissing “Quantum FUD” as just another wild scare that’s been going on in the Bitcoin world.
Quantum Computing: The “Grain of Salt” Threat
In a recent chat on the Coin Stories podcast with Natalie Brunell, Saylor, MicroStrategy’s big cheese, told investors to take the quantum breakthroughs headlines with a large pinch of salt.
- Timeline: Saylor reckons a real threat to Bitcoin’s encryption is a solid decade away – or more.
- The “BIP-360” Shield: Experts reckon upcoming upgrades like BIP-360 will get Bitcoin onto a quantum-resistant, lattice-based infrastructure well before a “Q-Day” attack even becomes a possibility.
- Historical Resilience: Saylor drew parallels between this fear-mongering and past “existential crises” like the Block Size Wars, the China mining ban, and the whole energy FUD thing – all of which Bitcoin rode out and actually emerged stronger from.
Saylor put it this way: “Cybersecurity types basically agree – this is just a bunch of noise right now,”, “If the threat ever materialises, the code evolves. It’s that simple.”
Why is Bitcoin Down Today? It’s All About the Finance
While the Quantum debate is all theoretical, the price action is pretty tough to watch. Bitcoin just touched $64,300, its lowest level since June 2025. Saylor says there are two main reasons behind the “stuck” $65k price plateau:
1. The “Bank Credit” Bottleneck
Saylor reckons Bitcoin’s price is being artificially held back because most investors still can’t access traditional bank credit to buy BTC. Instead, they’re stuck using high-interest crypto-lending channels, which limits the market’s growth.
2. The Rehypothecation Trap
The practice of using the same BTC collateral over and over is creating some hidden selling pressure. But Saylor notes that the shift towards regulated derivatives markets is helping to stabilise these wild swings – even if the current “risk-off” vibe remains dominant.
The “Trump Tariff” Effect: A New Market Gambit
The sudden downturn isn’t happening in a bubble of nothingness. On February 23, 2026, the market got shook up by President Donald Trump slapping a 15% global tariff on everything.
- The Fallout: Over $100 billion in market value went up in smoke in a matter of hours.
- Fear & Greed Index: The index has plummeted to 5 – extreme fear.
- Safe Haven Rotation: Investors are running for the hills, with capital rotating into Gold which rallied 2% as Bitcoin tanked.
Pro Trader Take: Watch the Macro, Not the Code
For the pros, the message is pretty clear: stop worrying about the cryptography and start keeping an eye on the PMI (Purchasing Managers’ Index) and trade policy. Bitcoin is pretty much acting like a “liquidity thermometer” at the moment; when global trade gets tighter, the thermometer starts to drop.
The Key Takeaway for Investors:
- Quantum Threat: Saylor reckons it’s just a bunch of hype for the next 10-20 years.
- Price Support: Bulls need to get Bitcoin back above $70,000 to flip the script – otherwise, a test of $60,000 is more than likely.
- Institutional Shift: MicroStrategy is still buying up, now holding 717,722 BTC ($54.5B), betting on a long-term “supply shock”.
What’s Your Next Move?
Are you buying the Trump tariff dip, or waiting for the $60,000 floor?
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