Michael Saylor Explains Why Bitcoin's Price Has Stalled Below $150,000

In a podcast interview with Natalie Brunell, founder of MicroStrategy, Michael Saylor offered commentary on Bitcoin's price trends on May 9, 2025.

In a recent interview on the Coin Stories podcast with Natalie Brunell, the founder of FinTech Mogul, Michael Saylor, offered interesting commentary on Bitcoin’s price trends.

As the price of Bitcoin (BTC) failed to reach $150,000 as quickly as some had anticipated, Saylor attributed this to investors selling too quickly.

“There are no long-term investors who quickly dumped their Bitcoin during the rally,” explained Saylor. Rather, the rapid increase in the price of Bitcoin created situations that caused these short-term investors to quickly liquidate their positions.

Discussing the rapid selling behavior of short-term investors, Saylor observed that they sold Bitcoin fast to access more liquid funds. This selling pressure, in turn, limited Bitcoin’s ascent towards greater values.

Despite the selling, Saylor believes that there is a bright future for Bitcoin. He added that there has been a new wave of investors, which is a sign that prices will increase in the near future.

"We're seeing a real changing of the guard in the market," said Saylor.

As short-term investors, such as government entities, lawyers, and bankruptcy trustees, who have been the main holders of a significant amount of all the Bitcoin, are exiting the market, there is a new wave of investors, which includes institutions like treasury companies and exchange-traded funds (ETFs), entering the market.

These government entities, lawyers, and bankruptcy trustees have been some of the main holders of a significant amount of all the Bitcoin, according to Saylor.

Saylor says that these groups tend to hold Bitcoin for shorter periods and are more willing to liquidate when prices increase.

This dynamic of investor participation has developed the market in a new way.

The influx of new investors might help to stabilize Bitcoin’s price in the future, but the current selling has kept it below his intended level, according to Saylor.

In a separate interview, released by Brunell on 8th May 2025, Saylor shared his potential price target for Bitcoin of $13 million in the long run.

According to Saylor, the value of Bitcoin is set to skyrocket once more companies adopt it into their treasury reserves. However, macro pressures like tariffs are one of the reasons why Bitcoin is not progressing as fast as it should.

According to Saylor, such economic pressures had planted seeds of uncertainty across financial markets, leaving investors less sure about the future of cryptocurrencies.

During the podcast, Saylor discussed in detail the increased corporate adoption of Bitcoin for treasury use. He highlighted MicroStrategy’s strategy, which had the company at the leading edge of this trend by storing massive amounts of Bitcoin for its treasury.

According to Bitcoins offer a good security option for organizations that are prone to capital erosion. Thus, Bitcoin can be used by companies to offset risks associated with inflation and weakening of currencies through strengthening their balance sheets.

Saylor also brought up BitBonds as a potential way to bring Bitcoin into the mainstream of finance. He described Bitcoin as “the sucrose of finance,” which highlighted its ability to energize and change the financial world.

Saylor pointed out during the conversation that the company’s achievements have received an uplift in view of the investment made in Bitcoin. Also, Saylor spoke about Bitcoin’s place in providing stability during times of market volatility.

In the midst of increasing interest in U.S. Bitcoin adoption, Saylor’s ideas take on an even more pronounced meaning. He observed that more and more companies are taking Bitcoin into account as a treasury asset, and the tendency will only grow in the future.