Saylor Blames Trade Policy, Rising Yields and AI Spending for Bitcoin’s Struggles
Strategy Executive Chairman Michael Saylor blames commerce coverage, rising yields and synthetic intelligence (AI) spending for Bitcoin (BTC) weak spot. He nonetheless says the asset is returning to a bull market.
Bitcoin trades close to $82,400, based on BeInCrypto knowledge. His remarks got here at crypto funding agency ParaFi Capital’s Investor Day, based on a Strategy video posted October 17.
Why Does Saylor Say Bitcoin Falls Harder Than Stocks?
Saylor stated risk-off shocks hit Bitcoin more durable than equities due to how he classifies the asset.
“Bitcoin is pure capital.”
Michael Saylor, Executive Chairman of Strategy, through ParaFi
He pointed to restrictive commerce, international and financial coverage over the previous 12 months. He additionally cited repeated commerce battle declarations towards Canada and yield curves rising 100 foundation factors, or one proportion level.
AI is the opposite drag, in his view. He stated the AI buildout is a roughly $1 trillion draw on investor cash. Meanwhile, BlackRock CEO Larry Fink has warned that authorities deficits and tech demand are competing for limited capital.
Can the Bull Case Survive a Stock Market Drop?
Saylor cited a bounce off a key transferring common about three months in the past. However, Bitcoin stays about 35% under its October 2025 report of $126,080, BeInCrypto’s latest price data reveals.
Not everybody shares his optimism. Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, sees extra draw back. On October 16, he stated Bitcoin might fall toward $10,000 if US shares drop 20%.
In distinction, CryptoQuant founder Ki Young Ju argued that spot exchange-traded funds have absorbed $58 billion. He added that on-chain price foundation factors to a flooring close to $30,000.
Still, Saylor’s reply is financial institution adoption. He additionally expects financial institution custody of Bitcoin to construct credit score networks over the following 12 to 24 months. He stated every $10 billion of credit score equals roughly one 12 months of provide.
Strategy, which Saylor says holds about 4% of all Bitcoin that can ever exist, may benefit from such demand. Therefore, the check is whether or not financial institution credit score can outpace macro stress. That reply might form how establishments deal with Bitcoin.
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