Michael Saylor, chairperson of the board of directors of Strategy (formerly MicroStrategy), said in the "Coin Stories" podcast that Bitcoin has not yet reached $150,000 because holders who lack a long-term investment mindset chose to leave the market when the price of Bitcoin rose, and a new group of investors is entering the market.
He pointed out that many bitcoins had been in the hands of governments, lawyers and bankruptcy trustees who lacked a "ten-year investor mentality" and opted to cash out when the price rallied. Mr. Thaler argued that those less committed to long-term investments had seized the opportunity to exit the market, while new investors entered through ETFs and the Bitcoin Treasury Corporation, among other means.
Michael Saylor: Bitcoin Fails to Reach $150,000 Because Short-Term Investors Are Leaving the Market When the Price Rises
2025-05-10 02:31:35
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