While the cryptocurrency market is experiencing significant movements, Michael Saylor, the founder of MicroStrategy, believes that Bitcoin could have surpassed the $150,000 mark were it not for the selling by investors who lack a long-term vision.

In an interview on the Coin Stories podcast with Natalie Brunell on May 9, Saylor said:

"We are currently witnessing a market rotation, where non-committed long-term investors are exiting, and new players are entering through ETF funds and treasury companies."

💸 They sold early... but the newcomers are serious

According to Saylor, large amounts of Bitcoin were previously held by governments, law firms, and bankruptcy organizations — entities that do not care about long-term holding. As prices began to rise, they decided to sell for liquidity.

"They saw the rise as an opportunity to exit, which delayed reaching 150,000."

📈 New investors are entering

Despite some investors exiting, the market is experiencing significant institutional inflow:

  • Bitcoin ETF funds saw inflows of $564.7 million in just five days.

  • MicroStrategy now owns 555,450 Bitcoins, with a profit exceeding 50% over the average purchase price of $68,569.

  • Bitcoin recovered to $103,811 after dropping to $76,273 in April.

Saylor remains optimistic, especially with the entry of ETF funds and institutions with greater confidence in the future.

🇺🇸 A surprising shift in the stance of the U.S. government

Saylor also noted that he did not expect this rapid positive change in the U.S. government's stance towards Bitcoin — especially after President Donald Trump signed an executive order to create a strategic reserve of Bitcoin in March.

Although this reserve currently contains Bitcoins seized in legal cases, the government's tone has clearly begun to shift in favor of cryptocurrencies.

🟠 Is Bitcoin still on its way to $150,000? Saylor believes that real investors are just getting started.