$400 billion flows into AI; BTC’s short-term blood loss is normal, and the long-term believers are still here.

CoinWorld News: MicroStrategy’s Executive Chairman Michael Saylor said during a live broadcast on June 5 that the weakness in Bitcoin prices is related to capital flows rather than purely panic selling. He noted that large-scale financing and upcoming tech IPOs have attracted a substantial amount of capital, which has led to Bitcoin’s recent decline. He also mentioned that financing efforts related to artificial intelligence infrastructure have caused capital in the market to flow into other areas, involving an amount close to $400 billion. Saylor believes that this capital movement has created a shortage of available funds in the market, impacting Bitcoin’s price. Despite the price drop, Saylor did not indicate that investors would give up on Bitcoin in the long run.