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Michael Saylor Confident Bitcoin Can Reach US$150 Thousand, Why?

CEO Strategy Michael Saylor stated that Bitcoin (BTC) will struggle to reach its all-time high of US$150 thousand. This is due to the current decrease in long-term prospect investors.

He is also confused about the behavior of investors today, making it difficult for him to provide a reason. However, he believes that the current surge in Bitcoin's price is a good selling point for short-term investors.

"I think right now we (Bitcoin) are going through a rotation. So I think people who are less committed to the long term have taken the opportunity to exit the market and a new class of investors is entering through ETFs and Bitcoin treasury companies," he said, quoting Coin Stories.

For your information, Bitcoin is currently trading at a value of US$103 thousand with a market capitalization of US$2 trillion.