Bitcoin is still struggling to achieve the symbolic goal of $ 150,000, despite a recent rebound at $ 104,000 recorded on May 8. Michael Saylor, founder of Microstrategy and fervent defender of Bitcoin, clearly identified those responsible for this brake: opportunistic investors, whom he describes as tourist or weak hands, who leave the market at the slightest sign of rapid gain.
In short
- Bitcoin stagnates under $ 150,000 due to opportunistic investors, according to Michael Saylor.
- A rotation takes place: the weak hands leave, the institutionalists enter via ETF and cash.
- Saylor remains optimistic: Bitcoin will reward patient and visionary holders.
An eventful course in 2025
The recent Bitcoin journey perfectly illustrates this volatility exacerbated by speculative movements. On January 20, 2025, the crypto had nevertheless reached a historic summit at $ 109,000, just a few hours before the presidential nomination of Donald Trump.
This moment seemed to mark a decisive step towards even higher peaks. However, the dynamics quickly reversed, causing a slow descent to $ 76,273 on April 9.
It was not until early May, in the wake of the new tax proposals of President Trump favorable to the market, that Bitcoin has resumed colors, crossing the symbolic bar of $ 100,000 to stabilize around $ 104,000.
In the podcast “Coin Stories” animated by Natalie Brunell On May 9, Michael Saylor spoke without detour on the reasons for this chaotic dynamic. He claims that current stagnation comes mainly from a rotation of investors:
I think we are currently going through a rotation. Many people without real long -term perspective leave the market to collect their earnings, while a new cohort of stronger investors, attracted by Bitcoin ETF and cash companies, is starting to enter.
This observation directly points to those whom Saylor considers responsible for the slowdown: investors without real commitment, motivated only by the search for fast and easy profits.
Bitcoin: in weak hands and institutional investors
Michael Saylor also highlights an unlikely mentioned problem: an important part of Bitcoin is today in the hands of actors such as governments, lawyers or bankruptcy trustees, which do not necessarily have a long -term investment horizon.
These institutional holders, without a “state of mind of investor at 10 years”, took advantage of the recent peaks to liquidate their positions and obtain liquidity.
It is precisely this type of massive sale which, according to him, slows down the natural progression of the BTC to higher levels.
In addition, Saylor expresses a real surprise in the face of the spectacular reversal of the American administration towards Bitcoin.
The decree signed by Donald Trump on March 7, 2025, creating a strategic reserve made up of bitcoins confiscated in legal proceedings, according to him a major change:
I was surprised that the United States has adopted Bitcoin in such a radical way in the past six months. I did not expect such enthusiasm within the American cabinet.
This government support is perceived as a strong positive signal for the future of the crypto, despite the current absence of direct Bitcoin by the State.
For Michael Saylor, Microstrategy perfectly embodies this long -term strategy. With 555,450 Bitcoins in wallets, valued at around 57.23 billion dollars at the current price, the company has an impressive capital gain of 50.27 % compared to its average purchase price of $ 68,569. Ultimately, Saylor is categorical: Bitcoin will reward those who see far, those who hold good despite the turbulence.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
