The presenter discusses Bitcoin's recent price drop to $113,480, stating that it is not a significant drop. He compares it to the period in 2020 and 2021 when Bitcoin experienced multiple price drops, some exceeding 25%. He argues that upcoming rate cuts, quantitative easing, and continued purchases by Bitcoin treasury companies will drive the price up. The speaker provides the current Bitcoin price and implies that these factors make the price go up to a target price of $150,000.