In a recent interview with Natalie Brunell at BTC Prague, Saylor made his point very clear: Bitcoin's recent decline wasn't due to inherent problems, but rather a result of AI "stealing" its resources.

His logic is quite clear.

First, the scale of this AI funding wave is indeed staggering. Saylor specifically named OpenAI, Anthropic, SpaceX, Google, and Meta, each raising around $500 billion. Wall Street is aggressively pushing these deals, drawing capital away from all asset classes. He estimates that 1% to 2% of the funds flowing out of Bitcoin were absorbed by the AI ​​funding wave. This percentage may seem small, but considering Bitcoin's size, the actual amount is considerable.

Second, this isn't a permanent exodus, but rather a rotation of capital. Saylor calls this phenomenon the "Summer of AI." He says it's a temporary cycle of 12 to 24 weeks. Once the AI ​​deals are completed, early investors take profits, and lock-up periods expire, those who profit will redistribute their capital back to Bitcoin.

Third, his timeline is clear: a reversal by the end of the year. "By the end of this year, we should see a reversal trend." He doesn't expect an immediate rebound, but believes the market will "look very different" by the end of 2026.

Frankly, Saylor's assessment is supported by data. Since mid-May, spot Bitcoin ETFs have seen net outflows of approximately $4 billion. Meanwhile, on the AI ​​front, top Wall Street cloud service providers have combined over $600 billion in capital expenditures, with about $450 billion flowing directly into AI hardware, servers, and network infrastructure. Bernstein's data also shows that net inflows into Bitcoin ETFs and corporate vaults will only be about $12 billion in 2026, compared to $60 billion for the entire year of 2025. Funds are indeed moving.

However, Saylor's optimism doesn't stop there. He calls 2026 "the most exciting year in Bitcoin history," citing the rise of Bitcoin-backed credit and yield products. He believes the next phase of Bitcoin's rise depends on new funding in the credit market—whether it's digital credit issued by companies like Strategy or bank credit from JPMorgan Chase, Morgan Stanley, and Citigroup. If those banks don't participate, he says, "Bitcoin will stagnate."

But there's an irony here. Saylor himself is actually selling Bitcoin. A June 1st filing shows Strategy sold 32 BTC to pay preferred stock dividends. This is the first sale since 2022. Saylor explained that this is different from his advice to retail investors "don't sell Bitcoin"—that's advice for individual investors, not for the operation of a Bitcoin vault company. His company exists to create Bitcoin-backed credit, not as a static holding instrument.

The market reacted differently to this story. Galaxy's Mike Novogratz offered a similar assessment, saying cryptocurrency investors were disappointed this year because Bitcoin underperformed stocks, with retail and institutional attention shifting to AI, data centers, and commodities. But Novogratz sees this as a deeper shift, while Saylor views AI's money-draining effect as a temporary episode. Arthur Hayes is more direct—"AI is sucking up all the dollars that are being created; Bitcoin has no chance at all."

Frankly, Saylor's 12- to 24-week cycle theory sounds reasonable, but it's predicated on the AI ​​craze actually cooling down. Looking at the funding scale of those AI companies and the speed of institutional funding inflows, the cooling down might not be so quick. And even if AI investors take profits, it's uncertain whether they'll transfer their money back to Bitcoin—they might go elsewhere.

But Saylor is right about one thing: the more Bitcoin falls, the more attractive it becomes to buyers. This logic has been repeatedly proven in Bitcoin's history. It's just that this time, the size of the opposing positions is simply too large.
A different perspective for #MyGateTradeStory

This content is for informational purposes only and does not constitute financial advice.