Michael Saylor Attributes Bitcoin's Underperformance to AI Fundraising Wave Absorbing 1-2% of Capital

BTC0.16%
According to remarks at BTC Prague, MicroStrategy co-founder Michael Saylor attributed Bitcoin's underperformance this year to massive capital flows into AI fundraising rounds at companies including OpenAI, Anthropic, SpaceX, Alphabet, and Meta. Saylor estimated that AI fundraising is absorbing 1-2% of Bitcoin's capital, describing the phenomenon as a temporary 12-24 week cycle. He predicted capital would rotate back into Bitcoin once lockups expire and early AI investors realize gains, forecasting a reversal trend toward year-end.
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