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The Path to Bitcoin Reaching $150,000 Blocked by Short-Term Holders
Michael Saylor, Chairman of Strategy, discussed Bitcoin pricing issues related to short-term holders on the "Coin Stories" podcast. Saylor argued that the price of Bitcoin remains below $150,000 due to investors with no long-term vision pulling back. Short term holding impacts Bitcoin's $150,000 target. Saylor commented that the price of Bitcoin has not reached the $150,000 mark due to short term holders lacking long term vision selling off. This was discussed in his appearance on the "Coin Stories" podcast. Short term holders exiting during price increases will affect the upward momentum of Bitcoin. Bitcoin treasury companies and ETFs are attracting new interest from newcomers to the market. Saylor noted that new investors are entering the market, supported by organizational structures. This shift raises questions about the future value trajectory of Bitcoin. According to him, "Innovative financial products like Bitcoin ETFs are poised to shift market dynamics, potentially stabilizing Bitcoin prices in the context of changing regulatory environments." ETF and the support of institutions in the future of Bitcoin Did you know? Major price increases of Bitcoin often cause short term holders to flee, impacting potential major price increases. According to CoinMarketCap, USDC maintains a stable value, trading at $1.00 with a market capitalization of $60.79 billion. Its 24-hour trading volume is $10.31 billion, reflecting a decrease of 21.76%.
The research team predicts that new participants through ETFs may stabilize the price of Bitcoin. However, regulatory oversight may impact growth. Historical data shows varying correlations between types of investments and the stability of the Bitcoin market.