邁克爾·塞勒（Michael Saylor）指責短期賣家延遲比特幣的上升

根據Microstrategy創始人邁克爾·賽勒（Michael Saylor）的說法，如果不是最近離開市場，比特幣的價格可能要高得多，可能超過150,000美元。

MicroStrategy founder Michael Saylor says that Bitcoin’s price would likely be much higher—potentially over $150,000—if it weren’t for a wave of short-term sellers recently exiting the market.

MicroStrategy創始人邁克爾·賽勒（Michael Saylor）表示，如果不是因為最近離開市場而退出市場的短期賣家，比特幣的價格可能會高得多 - 超過150,000美元。

In a recent appearance on the Coin Stories podcast, Saylor described a transition taking place as early holders with little long-term conviction cash out, paving the way for more institutional capital.

在最近在《硬幣故事》播客上的露面中，塞勒描述了一個過渡是作為早期持有人的過渡，幾乎沒有長期定罪現金，為更多的機構資本舖平了道路。

Saylor observed that a substantial portion of Bitcoin historically belonged to non-economic actors, such as governments, legal administrators, and bankruptcy trustees. These entities, he noted, viewed their Bitcoin holdings as assets to be liquidated during market rallies, rather than engaging in long-term investment strategies.

塞勒觀察到，歷史上大部分比特幣屬於非經濟行為者，例如政府，法律管理者和破產受託人。他指出，這些實體認為他們的比特幣持有量是在市場集會期間清算的資產，而不是從事長期投資策略。

However, Saylor believes that this phase of market rotation is nearing completion. He highlighted the emergence of a new class of buyers—including corporate treasuries, ETF participants, and long-term investors—who are beginning to build a more stable foundation for the crypto market.

但是，塞勒（Saylor）認為，這一市場輪換階段即將完成。他強調了新的買家的出現，包括公司國庫，ETF參與者和長期投資者，他們開始為加密貨幣市場建立更穩定的基礎。

Saylor also touched upon an unexpected development in U.S. policy regarding Bitcoin. He pointed out that recent administrative actions have exceeded his initial anticipations.

塞勒還談到了美國關於比特幣政策的意外發展。他指出，最近的行政行動超出了他的初步期望。

While the U.S. has yet to formally acquire Bitcoin as a strategic asset, Saylor noted that seized BTC is now being placed in federal custody to form the Strategic Bitcoin Reserve, which was created by executive order in March.

儘管美國尚未正式將比特幣作為戰略資產，但Saylor指出，扣押BTC現在被聯邦託管置於聯邦託管中，以組成戰略性比特幣儲備，該幣是由行政命令於3月份創建的。

As transient holders step aside and capital from committed sources pours in, the true narrative of Bitcoin’s journey may just be unfolding.

隨著瞬態持有人的介入，從堅定的來源湧入資金，對比特幣旅程的真實敘述可能正在展開。