Strategy's Saylor's explanation for bitcoin's slide isn't what bears think

Bitcoin's drop reflects capital rotation into AI, Saylor argues, but the bears have a darker reason. What to know : Bitcoin has fallen about 14% over the past week and 22.7% over the past four weeks, prompting debate over the cause of the decline. Michael Saylor argued the drop reflects capital rotation into artificial-intelligence infrastructure. Saylor, whose firm remains the largest corporate holder of bitcoin with 843,706 BTC, frames the volatility as a temporary opportunity even after Strategy sold 32 BTC, a move analysts say worsened bearish sentiment.