Michael Saylor Says Bitcoin OGs Driving Current Selling Pressure

Bitcoin strategist and MicroStrategy co-founder Michael Saylor believes long-time holders, often referred to as Bitcoin OGs, are behind the recent selling pressure in the crypto market. Speaking on a podcast, Saylor noted that these early adopters accumulated massive Bitcoin holdings over the years but now face liquidity challenges. Without access to loans backed by Bitcoin, many find themselves “Bitcoin rich, fiat poor,” forcing them to sell portions of their holdings to cover real-world expenses like tuition, housing, or lifestyle needs.

Saylor compared the situation to early employees of fast-growing startups who become wealthy through stock options but are unable to borrow against them, leaving selling as the only option. However, he emphasized that these sales do not signal a loss of faith in Bitcoin’s future. Instead, they are practical moves to balance financial needs while still holding significant amounts of BTC.

Despite concerns, Saylor argued this trend benefits Bitcoin in the long run. As OGs sell “as much as they need,” it helps distribute supply across the market and reduces volatility. Lower volatility, he explained, is crucial for attracting large institutional investors who prefer stability before entering the market in size.

He also highlighted that Bitcoin’s market resilience shows strong absorption of selling pressure, with the asset maintaining its support levels. While short-term price swings continue, Saylor sees this redistribution as a healthy stage in Bitcoin’s maturation process.

With growing institutional interest, potential spot ETFs, and increasing recognition of Bitcoin as a hedge against fiat devaluation, Saylor remains confident that the cryptocurrency is moving toward long-term stability and adoption, even as OGs cash out for personal liquidity needs.