The strategy founder Michael Sayler says Bitcoin has not yet reached $ 150,000 as holders are selling without a long -term approach, while a new group of investors has started entering the market.
“I think we’re going through a rotation right now,” Saylor Said On 9 May at Coin Stories Podcast with Natalie Brunelle.
Bitcoin was cell-off due to lack of “10-year-old investor mentality”
Saylor said, “A lot of non-economicly interested parties are moving out of the property.” However, at the same time, “a new group of investors is entering.”
He said, “A lot of bitcoin, whatever reason, was left in the hands of governments and lawyers and in the hands of the trustees,” he said.
Celller said that many of these trustees do not have “10-year-old investor mindset”, and as the price of Bitcoin (BTC) started for the rally, he took advantage of and “thought it is a good exhaust point to get liquidity”.
“Therefore I think long -term committed people have taken an opportunity to get out of the market and an entire new class of investors is entering through ETF and bitcoin through Treasury companies.”
A few hours before US President Donald Trump’s presidential inauguration, Bitcoin, after reaching his all-time high $ 109,000 on 20 January, experienced a decline before showing signs of recovery, falling as low as $ 76,273 on 9 April.
On 8 May, Bitcoin rebuilt $ 100,000 for the first time since 1 February after US President Donald Trump proposed the tariff. The recent price hike has increased the bitcoin holdings of the strategy to 50.27% above their average bitcoin purchase price. At the time of publication, the firm has 555,450 bitcoins, which costs around $ 57.23 billion, According Saylor tracker for data.
Saylor is surprised by the spirit change of the US government
Spot Bitcoin ETFS posted $ 564.7 in the flow during the last five business days, According For data.
Meanwhile, Saylor said they are not surprised that the US government has not yet bought bitcoins for its strategic bitcoin reserve, which Trump has signed an executive order on 7 March. The reserve is catching bitcoin that was seized as part of criminal or civil property proceedings.
However, Saylor did not estimate his stance to change so positively after Trump’s opening.
Connected: Try to become a bitcoin treasury company
He said, “I wondered that the US originally embraced bitcoin because in the last six months, I think I did not expect all the cabinet members would be so enthusiastic,” he said.
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