Strategy's Saylor's explanation for bitcoin's slide isn't what bears think
Bitcoin BTC$63,729.63 has tanked over 14% in one week and 22.7% in four weeks. Strategy Chairman Michael Saylor has a simple explanation for the decline: It's capital rotation, not impairment. In a post on X, Saylor pointed to the historic pace of AI infrastructure funding to the tune of approximately $400 billion deployed over the past six months while noting the $4 billion in outflows from the U.S.-listed spot ETFs since mid-May.