Bitcoin hasn’t reached $150,000 yet, as outsiders are ghosting – Michael Saylor

Strategy founder Michael Saylor said Bitcoin has not yet reached $150,000 because holders without long-term prospects have sold out and new investors are starting to enter the market.

“I think we’re rotating right now,” Saylor said in a May 9 Coin Story podcast with Natalie Brunell.

Lack of “ten-year investor mentality” leads to Bitcoin selling

“Many non-economic interested parties are spinning out of the assets,” Saylor said. But, at the same time, “new investors are entering.”

He added: “For whatever reason, a lot of Bitcoin remains in the hands of the government and lawyers, as well as the bankruptcy trustees.”

Saylor said many of these trustees did not have a “ten-year investor mindset” and as the price of Bitcoin (BTC) began to rally, they took advantage of the advantage, “thinking it was a good export to get liquidity.”

“So, I think people who have long been committed to long-term commitments have taken this opportunity to exit the market, and brand new investors are entering through ETFs and Bitcoin Treasury companies.”

After Bitcoin reached its all-time high of $109,000 before the inauguration of U.S. President Donald Trump on January 20, it experienced a downward trend, falling to $76,273 on April 9, before starting to show signs of recovery.

On May 8, Bitcoin recovered $100,000 for the first time since February 1, after U.S. President Donald Trump filed tariffs. The recent surge in price has increased the strategy’s Bitcoin holdings to 50.27% of its average Bitcoin purchase price, at $68,569. According to Saylor Tracker Data, the company held 555,450 bitcoins at the time of publication, worth approximately $57.23 billion.

Saylor is surprised by the US government’s emotional shift

According to Farside data, spot Bitcoin ETFs have seen inflows of $564.7 in the past five trading days.

Meanwhile, Saylor said he was not surprised that the U.S. government has not yet purchased the strategic Bitcoin reserves, and Trump signed an executive order on March 7. The reserve holds a portion of a criminal or civil asset forfeiture lawsuit.

But after Trump’s inauguration, Sailler did not expect their position to change so positively.

Related: Work hard to become a Bitcoin Treasury company

“It surprised me that the United States has accepted Bitcoin completely over the past six months as it has been in the past six months, and I don’t think I expected all the cabinet members to be so enthusiastic,” he said.

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