Bitcoin yet to hit $150K because outsiders are ghosting

Michael Saylor, founder of Strategy, attributes Bitcoin’s price not reaching $150,000 to short-term holders selling while new long-term investors enter the market.
He explains that many Bitcoin holdings are transitioning from governments, lawyers, and trustees who lack a long-term perspective, leading to liquidity exits as prices rally.
Saylor notes that new investors are entering via ETFs and Bitcoin treasury companies, contributing to recent price recoveries, with Bitcoin surpassing $100,000 in early May.
He also expressed surprise at the US government’s increasingly positive stance on Bitcoin, especially following President Trump’s inauguration and the establishment of a Strategic Bitcoin Reserve.