Michael Saylor, founder of Strategy, says Bitcoin isn’t at $150,000 because investors who don’t have a long term outlook are selling their holdings while new ones enter the market.
“I think we’re going through a rotation right now,” Saylor said Listen to the Coin Stories podcast on May 9 with Natalie Brunell.
Lack of a Suitable “10-year investor mindset” Bitcoins sold off in droves
Saylor “lots of non-economically interested parties are rotating out of the asset.” But at the same, “a new cohort of investors are entering.”
“A lot of Bitcoin, for whatever reason, was left in the hands of the governments and the hands of lawyers, and in the hands of bankruptcy trustees,” He added.
Saylor pointed out that many trustees don’t have any experience in the field. “10-year investors mindset,” Bitcoins are a form of currency (BTC) price began to rally, they took advantage and “thought this is a good exit point to get liquidity.”
“So I think people less committed to the long term have taken the opportunity to exit the market and a whole new class of investors are entering by way of ETFs and by way of Bitcoin treasury companies.”
Bitcoin was reached its all-time high of $109,000 On Jan. 20, just hours before US president Donald Trump was inaugurated, the stock experienced a downward trend. It fell as low as $75,273 by April 9 before showing signs of improvement.
Bitcoin will be available on May 8th. reclaimed $100,000 for the first time Since February 1, after US President Donald Trump announced tariffs. Strategy’s Bitcoin holdings have risen by 50.27% over their average Bitcoin acquisition price of $68.569. At the time this article was published, Strategy held 555,450 Bitcoin worth approximately $57.23 billion. according Saylor Tracker data.
Saylor shocked by US government’s shift of sentiment
Inflows into Bitcoin Spot ETFs totaled $564.7 over the course of five days. according Farside data
Saylor claimed he was not surprised the US government Trump has not yet purchased Bitcoins for the Strategic Bitcoin Reserve. signed an executive order On March 7, The Reserve holds Bitcoins forfeited by criminal and civil forfeiture actions.
Saylor, however, did not anticipate that their attitude would change so fast following Trump’s inauguration.
Related: Strive to become Bitcoin treasury company
“I was surprised that the US embraced Bitcoin as radically as it has over the last six months, I think I didn’t expect all the Cabinet members to be so enthusiastic,” “He said”
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Source: cointelegraph.com
