According to Coinworld Network, Strategy founder Michael Saylor said in an interview with Natalie Brunell on June 16 that the current market is in an “AI summer.” Wall Street is actively marketing financing related to AI data centers, and as a result, funds are being temporarily siphoned from assets such as Bitcoin. He believes this is merely a 12- to 24-week capital rotation cycle. Once AI trading is complete and enters the lock-up period, and after early hedge funds and traders cash out and exit, hot money will look for another direction and ultimately return to Bitcoin. Saylor expects that by the end of this year, the market should see a trend of funds flowing back into Bitcoin.
CoinNetwork