Saylor and Yusko's BTC Price Target, Bitmine's ETH Purchase and More: This Week in Crypto
Bitcoin’s latest market debate mixed bullish price targets, cautious timelines and a corporate buying strategy that may soon hit its own limit. Meanwhile, analysts highlighted Ethereum and NEAR Protocol as potential winners, while new research revived questions about whether quantum computing could eventually challenge Bitcoin’s security.Here are five crypto stories that shaped this week’s conversation, from institutional accumulation to the technology risks still sitting on the horizon.Saylor Sees Bitcoin Reclaiming $100,000Michael Saylor, executive chairman of Strategy, said Bitcoin could rise above $100,000 again, even as the company remains prepared to sell some of its holdings. Speaking with Bloomberg Crypto on Tuesday, Saylor pointed to Bitcoin’s recent rebound from its 200-week moving average. The cryptocurrency now trades at a 25% premium to that long-term measure, according to the report.Yusko Expects a Gradual Move to $105,000Mark Yusko, founder of Morgan Creek Capital, placed Bitcoin’s fair value at $105,000 but said investors should not expect the cryptocurrency to reach that level in a sudden surge. Yusko told the New Era Finance podcast that Bitcoin appears to have moved away from a distribution phase, when selling pressure dominates, and into accumulation. The new pattern features higher highs and higher lows. Read Also: Bitcoin, Ethereum and NEAR Emerge as Analyst PicksJohn Gillen, an analyst at Milk Road, identified Bitcoin, Ethereum and NEAR Protocol as three cryptocurrencies that could be positioned for notable gains during the remainder of 2026. Gillen cited stronger market structure, growing institutional participation and the developing connection between artificial intelligence and blockchain technology as factors supporting the longer-term crypto outlook.Bitmine Keeps Buying EthereumBitMine Immersion Technologies purchased another 12,532 Ethereum last week, bringing the company closer to Chairman Tom Lee’s 5% supply threshold. Once that cap is reached, Lee has said purchases will stop completely. Bitmine announced Monday that its cryptocurrency holdings, cash and marketable securities had reached a combined $16.2 billion.Quantum Advances Narrow Bitcoin’s Long-Term Security GapMarket research platform Bull Theory said recent progress in quantum computing has reduced Bitcoin’s long-term security cushion, though no current machine can threaten the network today. The comments followed research from Google, owned by Alphabet Inc., on removing a major quantum-computing bottleneck known as "magic states." The resource can consume about 95% of a quantum computer’s capacity.Read the full article here.Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Read Also: XRP Price Forms a Risky Pattern as ETF Outflows Climb and Macro Risks Intensify Photo courtesy: Shutterstock