Michael Saylor says those “less committed” to Bitcoin took the opportunity to exit the market after Bitcoin’s price surged.
Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market.
“I think we’re going through a rotation right now,” Saylor said on the Coin Stories podcast with Natalie Brunell on May 9.
Saylor said, “Lots of non-economically interested parties are rotating out of the asset.” However, at the same time, “a new cohort of investors are entering.”
