Michael Saylor: The decline in bitcoin is due to capital flowing into AI, which is a rotation of capital rather than a fundamental weakness in bitcoin itself
BlockBeats news, on June 4, Strategy founder Michael Saylor posted that the capital markets are funding AI infrastructure on an unprecedented scale, with approximately $400 billion raised in the past six months.
Saylor pointed out that since May 14, Bitcoin ETFs have seen approximately $4 billion outflows, putting pressure on the BTC price. However, he believes this is part of a capital rotation, not damage to Bitcoin itself. Saylor stated: "Volatility creates opportunity."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. Treasury's 20-Year Bond Auction Might Require Concession -- Market Talk
Japan's 10-Year Government Bond Yield Reaches Highest Level Since September 1996
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
