Michael Saylor: Bitcoin has not reached $150,000 due to short-term investors exiting

ChainCatcher news, according to Cointelegraph, Strategy (formerly MicroStrategy) Chairman Michael Saylor stated in the "Coin Stories" podcast that Bitcoin has not yet reached $150,000 because holders lacking a long-term investment mindset choose to exit when Bitcoin prices rise, while a new group of investors is entering the market.

He pointed out that many Bitcoins were previously held by governments, lawyers, and bankruptcy trustees, who lack the "decade-long investor mindset." When Bitcoin prices rebounded, these trustees chose to cash out. Saylor believes that those with a lower commitment to long-term investment have seized the opportunity to exit the market, while new investors are entering through ETFs and Bitcoin treasury companies.

Currently, Strategy holds 555,450 Bitcoins, valued at approximately $57.23 billion, with its holdings valued 50.27% higher than the average purchase price of $68,569.