Bitcoin yet to hit $150K because outsiders are ghosting — Michael Saylor

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.

The lack of “10-year investor mindset” led to Bitcoin sell-off

Saylor said “lots of non-economically interested parties are rotating out of the asset.” However...