Michael Saylor: The decline in Bitcoin is due to funds flowing into AI, representing a capital rotation rather than a fundamental loss of value.

robot
Abstract generation in progress
Golden Finance reports that on June 4th, Strategy founder Michael Saylor stated that the capital market is providing funding for AI infrastructure construction on an unprecedented scale, with approximately $400 billion raised in the past six months. Saylor pointed out that since May 14th, about $4 billion has flowed out of Bitcoin ETFs, putting pressure on BTC prices. However, he believes this is a capital rotation rather than a damage to Bitcoin itself. Saylor said, "Volatility creates opportunities."
BTC-3.74%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned