Michael Saylor Attributes Bitcoin’s Stall to Short-Term Sellers

Michael Saylor, founder of Strategy, attributes Bitcoin’s delayed rise to short-term sellers during a podcast on May 10, 2025.

The shift matters for Bitcoin’s future, indicating potentially stronger market stability and increased institutional involvement.

Bitcoin’s Growth Hindered by Short-Term Sellers

Michael Saylor recently argued on the Coin Stories podcast that short-term sellers are capping Bitcoin’s potential despite favorable conditions. He believes these sellers lack a long-term conviction for Bitcoin investments.

Saylor explained that actions by non-economically interested parties—including bankruptcy trustees and governments—are affecting Bitcoin, as these parties sell during price rallies, treating them as opportunities for quick liquidity. Saylor’s observation aligns with his statement:

“A lot of Bitcoin, for whatever reason, was left in the hands of governments, lawyers, and bankruptcy trustees.”

Saylor Highlights Market Stabilization Potential

Saylor’s insights have illuminated the behavior of market participants impacting Bitcoin’s value. Short-term sellers are seen as transitory, while long-term investors provide potential market stabilization. He describes these parties and their actions:

“[These entities, which I describe as ‘non-economically interested parties,’ have been selling Bitcoin during price rallies, viewing them as ‘a good exit point to get liquidity.’]”

The situation reveals potential shifts in the financial landscape with more institutional investment and a growing role for corporate treasuries in Bitcoin’s future, as perceived by Saylor and other market analysts.

Non-Economic Actors and Bitcoin’s Historical Impact

Historically, non-economic actors have influenced Bitcoin prices by liquidating assets, similar to current trends. This pattern underscores the need for dedicated investment for sustained growth.

Experts suggest the completion of this market rotation may lead to stable long-term growth, aligning with historical market behaviors where committed buyers replace short-term speculators.