Why diehard bitcoin purists aren’t sweating the massive price crash that wiped out $200 billion

Mati Greenspan, Michael Saylor and Jameson Lopp blamed the AI boom for draining capital from bitcoin. Meanwhile, Jack Mallers refrained from sharing an outlook but recommended buying the dip. What to know : Bitcoin maximalists argue the recent price slump is a temporary liquidity crunch driven by speculative capital rotating into artificial intelligence rather than a loss of faith in the asset. Analysts point to record outflows from U.S. spot bitcoin ETFs, surging AI equities and blockbuster AI fundraisings as evidence that traditional liquidity is chasing tech infrastructure instead of crypto. While critics say bitcoin faces broader macro pressures, including high rates, ETF outflows and shaken confidence after Strategy’s small BTC sale, advocates frame the current downturn as a potential accumulation zone if network fundamentals hold.