See every side of every news story
Published loading...Updated

Bitcoin yet to hit $150K because outsiders are ghosting — Michael Saylor

  • Michael Saylor, founder of Strategy, stated on May 9 that Bitcoin has not reached $150,000 despite recent price recoveries and market activity.
  • Bitcoin peaked at $109,000 on January 20, just hours before President Trump’s inauguration, then declined to $76,273 by April 9 as short-term holders sold off.
  • Strategy holds 555,450 Bitcoins valued near $57.23 billion, with gains over 50% above their average purchase price, while new investors enter via ETFs and treasury firms.
  • On the May 9 Coin Stories podcast, Saylor explained that many Bitcoins remain with governments, lawyers, and trustees lacking a 10-year investor mindset, causing rotations.
  • Bitcoin reclaimed $100,000 on May 8, and models predict targets from $139,000 to $188,000, indicating potential growth amid evolving market dynamics.
Insights by Ground AI
Does this summary seem wrong?
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

15 Articles

All
Left
Center
Right
AMBCryptoAMBCrypto
Reposted by
Crypto News Wire - Latest Crypto News And AnalysisCrypto News Wire - Latest Crypto News And Analysis

Bitcoin’s growth can stall at $150K, here’s why – Michael Saylor

Bitcoin’s $109K high during Trump’s win proved fragile, but this time, it shows stronger support near $103K amid optimism.

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • There is no tracked Bias information for the sources covering this story.
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Tron Weekly Journal broke the news in on Friday, May 9, 2025.
Sources are mostly out of (0)