Michael Saylor suggests Bitcoin hasn't reached $150K because short-term holders are selling, while new, long-term investors are emerging. Saylor shared his views on the Coin Stories podcast, explaining that many assets were left with non-economically interested parties. As Bitcoin's price rallies, these parties are cashing out.

He notes the rise of Bitcoin ETFs and treasury companies, heralding a wave of new investors. Despite Bitcoin's drop from its all-time high, it recently surged past $100K, boosting Strategy's holdings significantly.

Saylor expressed surprise at the US government's quick shift in sentiment towards Bitcoin post-Trump's inauguration.