Bitcoin (BTC) isn't broken, says Strategy's (MSTR) Saylor
Bitcoin has fallen more than 14% in a week and 22.7% over four weeks. Michael Saylor says the drop reflects capital rotation, not structural damage: roughly $400 billion has flowed into AI infrastructure over the past six months, while U.S.-listed spot bitcoin ETFs have seen about $4 billion in outflows since mid-May. In this view, institutions are shifting money from bitcoin into AI, creating temporary weakness. Saylor framed the decline as an opportunity and said volatility creates opportunity. Strategy also recently sold 32 BTC, which some analysts say worsened sentiment, though the company still holds 843,706 BTC. Bears argue the selloff signals deeper problems because ETF outflows, Saylor’s sale, and bitcoin’s weakness contrast with record highs in many other asset classes.
