Michael Saylor: Bitcoin Hasn't Reached $150,000 Because Short-Term Investors Choose to Exit When Prices Rise
According to a report by Jinse Finance, Michael Saylor, Chairman of the Board of Strategy (formerly MicroStrategy), stated on the "Coin Stories" podcast that Bitcoin has not yet reached $150,000 because holders lacking a long-term investment mindset choose to exit when Bitcoin prices rise, while a new group of investors is entering the market. He pointed out that many Bitcoins were previously held by governments, lawyers, and bankruptcy trustees, who lack a "decade-long investor mindset" and opted to cash out when Bitcoin prices rebounded. Saylor believes that those with a lower commitment to long-term investment have seized the opportunity to exit the market, while new investors are entering through ETFs and Bitcoin treasury companies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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