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BTC $63,749.63 -4.93%
ETH $1,777.69 -5.16%
BNB $602.66 -5.16%
XRP $1.18 -4.36%
SOL $69.98 -6.69%
TRX $0.3296 -0.96%
DOGE $0.0893 -4.90%
ADA $0.1913 -11.09%
BCH $249.68 +0.03%
LINK $8.08 -5.05%
HYPE $67.62 -7.87%
AAVE $71.92 -5.73%
SUI $0.7917 -4.67%
XLM $0.2116 -8.12%
ZEC $534.41 -13.43%

Michael Saylor: The decline in Bitcoin is due to funds flowing towards AI, which is a rotation of capital rather than a damage to Bitcoin itself

2026-06-04 19:47:58
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Strategy founder Michael Saylor stated that the capital markets are providing funding for AI infrastructure on an unprecedented scale, with approximately $400 billion raised in the past six months. Saylor pointed out that since May 14, there has been about $4 billion in outflows from Bitcoin ETFs, putting pressure on BTC prices. However, he believes this is a rotation of capital rather than damage to Bitcoin itself. Saylor stated, "Volatility creates opportunity."

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