Bitcoin isn't broken, says Strategy's Saylor

Bitcoin (BTC) has tanked over 14% in one week and 22.7% in four weeks. Strategy Chairman Michael Saylor offered a simple explanation: capital rotation, not impairment. Saylor pointed to the historic pace of AI infrastructure funding — approximately $400 billion deployed over the past six months — and noted about $4 billion in outflows from the U.S.-listed spot ETFs since mid-May.

He argued institutions are pulling money out of bitcoin and deploying it into AI, which has pressured the top cryptocurrency. "Volatility creates opportunity," Saylor said. Strategy recently sold 32 BTC, a move analysts say added to bearish sentiment, though the publicly listed firm still holds 843,706 BTC.

Some analysts have flagged the AI boom as a headwind, but most bears have drawn a darker conclusion: that crypto is simply broken. "Bitcoin just looks broken at this point Even Saylor is selling now," pseudonymous trader QE Infinity said on X.

United States

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