Michael Saylor, founder of Strategy, stated in a recent podcast that Bitcoin has not yet reached the $150,000 mark due to a sell-off by less committed investors. He highlighted that the market is currently experiencing a rotation, with a new group of investors starting to enter, particularly through ETFs and Bitcoin treasury companies. According to Saylor, many sellers lacked a long-term investment mindset and exited as Bitcoin's price rallied, leaving ownership concentrated in the hands of non-economically interested parties such as government entities and bankruptcy trustees. The influx of new investors coincides with Bitcoin's price fluctuations, having recently surged past $76,273 after a downtrend since January. Furthermore, Saylor expressed surprise at the U.S. government's positive sentiment towards Bitcoin following the recent presidential inauguration, noting that their enthusiastic embrace was unexpected. Overall, the dynamics of investor commitment and government sentiment are playing crucial roles in Bitcoin's price trajectory and market behavior.

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