Saylor Blames Trade Policy, Rising Yields and AI Spending for Bitcoin’s Struggles

Strategy Executive Chairman Michael Saylor blames trade policy, rising yields and artificial intelligence (AI) spending for Bitcoin (BTC) weakness. He still says the asset is returning to a bull market. Bitcoin trades near $82,400, according to BeInCrypto data. His remarks came at crypto investment firm ParaFi Capital’s Investor Day, according to a Strategy video posted October 17. Why Does Saylor Say Bitcoin Falls Harder Than Stocks? Saylor said risk-off shocks hit Bitcoin harder than equities because of how he classifies the asset. “Bitcoin is pure capital.” Michael Saylor, Executive Chairman of Strategy, via ParaFi He pointed to restrictive trade, foreign and monetary policy over the past year. He also cited repeated trade war declarations against Canada and yield curves rising 100 basis points, or one percentage point.

First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.