Saylor Blames 'Capital Rotation' Into AI as Bitcoin Drops 13%

Strategy co-founder and chairman Michael Saylor said the flight of capital into artificial intelligence is responsible for the volatility dragging down Bitcoin—even as some point the finger at his company's own recent BTC sale.

The top crypto asset has dropped 3.7% in the last 24 hours, recently changing hands at $63,429. Over the last week, Bitcoin has fallen more than 13%, dipping as low as $61,559 late Wednesday—down more than half from its all-time high set in October 2025.

"Capital markets are funding the AI buildout at historic scale," Saylor posted on X. "This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity." The outspoken Bitcoin bull pointed to significant BTC ETF outflows since May 14—more than $4.3 billion worth, according to data from Farside—as evidence of the rotation dragging down his firm's principal treasury asset.

The crypto commentary sphere, as ever, took it well:

"Why do you still have kidneys? pic.twitter.com/Veni75IoVZ — 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 (@AnalystInvestor) June 4,