Michael Saylor: "Bitcoin (BTC) Sell-Off Driven by Lack of Long-Term Investment Awareness, New Investors Keep Entering"

# Michael Saylor Highlights Bitcoin Market Transformation as Short-Term Investors Exit Michael Saylor, co-founder of MicroStrategy, observed a notable shift in the Bitcoin(BTC) market dynamics, as some short-term investors exited following the cryptocurrency's recent price surge. Saylor suggests that these exits are due to a lack of long-term investment vision, ushering in a new wave of investors into the market. Speaking on the "Coin Stories" podcast hosted by Natalie Brunell on May 9, Saylor noted, “Many participants without economic convictions are leaving Bitcoin,” adding, “The Bitcoin market is undergoing a transition with a new group of investors stepping in.” # Short-Term Selling Reflects Lack of Long-Term Vision: "Bitcoin is an Asset of Belief" Saylor highlighted the challenges posed by short-term perspectives, pointing out that “many Bitcoins have ended up in the hands of governments, lawyers, and bankruptcy trustees due to various circumstances.” He explained that many of these players lacked a long-term vision and saw Bitcoin’s prior price surge as a chance to sell and secure liquidity. “Investors without a long-term outlook are exiting the market,” Saylor added, emphasizing that new participants, including institutional investors entering through exchange-traded funds (ETFs) and Bitcoin-driven financial firms, are taking their place. Bitcoin experienced significant price fluctuations earlier this year. After reaching an all-time high of $109,000 on January 20, it later dropped to a low of $76,273 on April 9. However, the cryptocurrency rebounded, surpassing the $100,000 mark again on May 8, following U.S. President Donald Trump's tariff announcement. # MicroStrategy’s Bitcoin Holdings Show Strong Gains Amid Market Rally MicroStrategy, under Saylor’s leadership, has seen its Bitcoin reserves appreciate by 50.27%, relative to the company’s average purchase price of $68,569, amid the recent market upswing. According to data from Saylor Tracker, the company holds 555,450 Bitcoins, valued at approximately $57.23 billion. Institutional interest in Bitcoin has also gained momentum. Over the past five trading days, spot Bitcoin ETFs recorded inflows of $564.7 million, underscoring strong institutional demand for the cryptocurrency. Saylor also commented on the U.S. government’s approach to Bitcoin. He expressed little surprise that the government has yet to strategically purchase Bitcoin for its reserves, noting that the holdings primarily stem from criminal or civil asset forfeiture under an executive order signed by President Trump on March 7. However, Saylor acknowledged the dramatic shift in the U.S. government’s stance toward Bitcoin since Trump’s inauguration. “The radical adoption of Bitcoin by the U.S. over the past six months has been astonishing,” he said, adding, “I didn’t anticipate such enthusiastic support from all members of the administration.”