BUSINESSJun 4 · 15:36 UTCBITCOIN MAGAZINEMicah Zimmerman

Michael Saylor Calls Bitcoin’s Drop a ‘Capital Rotation’ to AI as BTC Slides Below $62,000

Bitcoin fell below $62,000, entering a technical bear market, as Michael Saylor attributed the decline to capital shifting toward AI infrastructure. Saylor’s company, MicroStrategy, sold 32 bitcoin to fund dividends, marking its first sale since 2022, which analysts linked to worsening bearish sentiment.

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Michael SaylorpersonMicroStrategyorganizationBitcointopicArtificial IntelligencetopicBitcoin ETFstopicCapital Rotationtopic

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