Michael Saylor, the founder of Strategy, discussed why Bitcoin has not yet hit $150,000 in a recent podcast interview. Saylor attributed the delay to holders lacking a long-term investment mindset who have been selling off their Bitcoin holdings. Simultaneously, a new group of investors, including ETFs and Bitcoin treasury companies, are entering the market. After reaching an all-time high of $109,000 on January 20, Bitcoin experienced a decline, dropping to $76,273 on April 9 before showing signs of recovery. Recently, on May 8, Bitcoin surpassed $100,000 for the first time since February 1. This surge boosted Strategy’s Bitcoin holdings to 50.27% above their average purchase price, with the firm currently holding 555,450 Bitcoin valued at around $57.23 billion. Saylor expressed surprise at the US government’s reluctance to invest in Bitcoin for its Strategic Bitcoin Reserve, despite an executive order signed by former President Trump. Saylor also noted the positive shift in sentiment towards Bitcoin within the US government post-Trump’s inauguration. Additionally, Spot Bitcoin ETFs saw significant inflows, indicating growing interest in the cryptocurrency market. Saylor’s insights shed light on the evolving dynamics of the Bitcoin market and the factors influencing its price movements.