Saylor Argues Short-Term Bitcoin Holders Are Keeping Price Down

Michael Saylor, founder of investment firm Strategy, believes that Bitcoin’s failure to reach $150,000 is due to short-term holders selling off their positions. According to Saylor, a rotation within the market has led many investors to exit their holdings while others are entering at higher prices. He suggests that governments and lawyers holding substantial amounts of Bitcoin have been delaying investments, contributing to price stagnation. Saylor argues that this temporary lull in price will eventually yield more significant gains as longer-term investment strategies gain momentum.