TechFlow news, May 10 — According to the Coin Stories podcast, Michael Saylor, founder of Strategy, said that Bitcoin has not yet reached $150,000 because holders without a long-term investment mindset are selling, while a new wave of investors begins entering the market.
Saylor pointed out: "Many non-economic stakeholders are exiting the asset, while a new cohort of investors is coming in." He explained that large amounts of Bitcoin are held by governments, lawyers, and bankruptcy trustees who lack a '10-year investor mindset,' viewing price increases as favorable exit points.
Meanwhile, an entirely new group of investors is entering the market via ETFs and Bitcoin treasury companies. According to Farside data, spot Bitcoin ETFs recorded $564.7 million in inflows over the past five trading days.
Currently, Strategy holds 555,450 bitcoins, valued at approximately $57.23 billion, with its holdings up 50.27% compared to its average purchase price of $68,569.
