Michael Saylor Blames Short-Term Sellers for Delaying Bitcoin’s Ascent
According to MicroStrategy founder Michael Saylor, Bitcoin’s price would likely be far higher—possibly past $150,000—if it weren’t for the wave of short-term sellers recently exiting the market.
Speaking on the Coin Stories podcast, Saylor described a transition underway: early holders with little long-term conviction are cashing out, making way for more committed, institutional players.
He pointed to a significant portion of Bitcoin historically held by non-economic actors—such as governments, legal administrators, and bankruptcy trustees. These entities, he said, treated Bitcoin holdings as assets to be liquidated during rallies rather than long-term investments.
Saylor believes that this phase of market rotation is nearly complete. In its place, a new class of buyers—corporate treasuries, ETF participants, and long-term investors—is beginning to shape a more stable market foundation.
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He also acknowledged a surprising shift in U.S. policy toward Bitcoin, noting that recent developments under the Trump administration have exceeded his expectations. While the U.S. has yet to formally acquire Bitcoin as a strategic asset, Saylor highlighted that seized BTC now sits in federal custody through the Strategic Bitcoin Reserve, created by executive order in March.
The broader message? As transient holders exit and committed capital flows in, Bitcoin’s next chapter may be just beginning.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
