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Michael Saylor: The reason Bitcoin has not reached $150,000

is "short-term speculators"

Michael Saylor, founder of "Strategy," stated in remarks made on May 9 that the main reason Bitcoin's price has not yet reached $150,000 is due to short-term investors selling their holdings at every rally. He explained that these individuals do not possess a long-term investment vision, which negatively impacts market performance.

Exit of speculators and entry of new investors Saylor pointed out that the market is currently experiencing a broad rotation, where parties without a genuine economic interest exit the market, while new investors begin to enter, most of whom are looking for long-term opportunities in digital assets.

He added that a significant portion of Bitcoin remains in the hands of entities such as governments, lawyers, and bankruptcy trustees, who do not treat it as a long-term investment asset. When the price rises, these parties prefer to sell for liquidity instead of holding the asset for the long term.

Bitcoin's performance since the January peak Bitcoin recorded its highest price at $109,000 on the day of the inauguration of former US President Donald Trump on January 20. However, the price then began to gradually decline, reaching $76,273 on April 9, before starting to recover again.

On May 8, the price reached $100,000, $BTC