Strategy founder Michael Saylor said Bitcoin has not reached $ 150,000 yet since holders without a long -term view is selling while a new cohort of investors are starting to enter the market.
“I think we're going through a twist now,” Saylor Says In the podcast of coin stories with Natalie Brunell on May 9.
Lack of “10-year investor mindset” led to Bitcoin Sell-off
Saylor said “many non-interested non-economic parties revolve around the property.” However, at the same time, “a new cohort of investors enters.”
“A lot of Bitcoin, for whatever reason, is left in the hands of the governments and hands of lawyers, and in the hands of losses managers,” he added.
Saylor said many of these trusts do not have the “10-year investor of the mindset,” and as the price of bitcoin (BTC) began to rally, they took advantage of it and “thought it was a great point of discharge to get liquidity.”
“So I think people who are less focused on the long term take the opportunity to get out of the market and a whole new class of investors are entering through ETFs and through Bitcoin treasury companies.”
After Bitcoin reached all hours of $ 109,000 in January 20 hours before the inauguration of President Donald Trump's President, it experienced a downtrend, falling less than $ 76,273 on April 9, before starting to show signs of recovery.
On May 8, Bitcoin reclaimed $ 100,000 for the first time since Feb. The recent price climbing has pushed Bitcoin's handling strategy to 50.27% above their average bitcoin purchase price of $ 68,569. At the time of publication, the company holds 555,450 Bitcoin, costing about $ 57.23 billion, According to In Saylor tracker data.
Saylor surprised the US government's sentiment shift
The Bitcoin ETF spot has been posted $ 564.7 on flows in the past five days of trading, According to to the data away.
Saylor, meanwhile, said he was not surprised that the US government had not yet bought Bitcoin for the Strategic Bitcoin reserve that Trump signed an executive order for March 7. The reserve holds Bitcoin who lost as part of a criminal or civil owner.
However, Saylor did not expect their stance to quickly change positively by following Trump's inauguration.
Related: Try to be Bitcoin Treasury Company
“I was surprised that the US had embraced Bitcoin as radically like this in the last six months, I don't think I expect all cabinet members to be enthusiastic,” he said.
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