MicroStrategy Founder Michael Saylor Explained "Why Bitcoin Price is Still Not 150 Thousand Dollar!"

MicroStrategy founder Michael Saylor stated that the reason Bitcoin has not yet reached 150 thousand dollars is due to the exit of investors who do not have a long term investment mindset from the market.

On May 9, during the Coin Stories podcast, Saylor spoke to Natalie Brunell and noted that many Bitcoins are held by groups that do not have a "10-year investor mentality," such as governments, lawyers, and bankruptcy trustees.

Saylor, who said, "We are currently undergoing a rotation process," stated that many individuals without economic interest have liquidated their Bitcoin assets. However, in contrast, he argued that a new wave of investors is entering the market.

Saylor stated that "a significant portion of Bitcoin has unfortunately fallen into the hands of governments, lawyers, and bankruptcy trustees," indicating that these groups see the rising prices as an exit opportunity. He expressed that this segment is selling to provide liquidity to the market.

"Investors not tied to the long term viewed this rise as a starting point and withdrew from the market. However, a new class of investors is entering the market through ETFs and institutional treasuries," he said.

On the other hand, Saylor stated that the U.S. government has not yet officially purchased Bitcoin, and that the Strategic Bitcoin Reserve established by Trump's executive order signed on March 7 currently only holds Bitcoin obtained as a result of seizures of criminal or civil assets.

However, Saylor, who stated that he was surprised by the government's positive approach to Bitcoin after Trump's assumption of office, said, "I did not expect the U.S. to adopt Bitcoin so radically in the last six months. I was surprised by how eager the cabinet members were."