Short-term investors exiting BTC delay $150K milestone, says Michael Saylor

Cointelegraph reported that Michael Saylor, founder of Strategy, explained that Bitcoin (BTC) has yet to reach $150,000 because many investors are not adopting a long-term perspective. During an appearance on Natalie Brunell's podcast on May 9, he observed that investors with no economic interest in BTC are exiting the market, while a new group of investors is entering through channels such as ETFs and BTC treasury companies. Saylor referred to this shift as a "rotation" within the market. Additionally, he expressed surprise at the rapid evolution of the U.S. government's stance toward BTC.