迈克尔·塞勒（Michael Saylor）指责短期卖家延迟比特币的上升

根据Microstrategy创始人迈克尔·赛勒（Michael Saylor）的说法，如果不是最近离开市场，比特币的价格可能要高得多，可能超过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创始人迈克尔·赛勒（Michael Saylor）表示，如果不是因为最近离开市场而退出市场的短期卖家，比特币的价格可能会高得多 - 超过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《硬币故事》播客上的露面中，塞勒描述了一个过渡是作为早期持有人的过渡，几乎没有长期定罪现金，为更多的机构资本铺平了道路。

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.

塞勒观察到，历史上大部分比特币属于非经济行为者，例如政府，法律管理者和破产受托人。他指出，这些实体认为他们的比特币持有量是在市场集会期间清算的资产，而不是从事长期投资策略。

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）认为，这一市场轮换阶段即将完成。他强调了新的买家的出现，包括公司国库，ETF参与者和长期投资者，他们开始为加密货币市场建立更稳定的基础。

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.

塞勒还谈到了美国关于比特币政策的意外发展。他指出，最近的行政行动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.

尽管美国尚未正式将比特币作为战略资产，但Saylor指出，扣押BTC现在被联邦托管置于联邦托管中，以组成战略性比特币储备，该币是由行政命令于3月份创建的。

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

随着瞬态持有人的介入，从坚定的来源涌入资金，对比特币旅程的真实叙述可能正在展开。