Michael Saylor Attributes Bitcoin Pressure to Trade Policy, Yields, and AI Spending

Strategy Executive Chairman Michael Saylor cited restrictive trade policy, rising bond yields, and massive artificial intelligence capital outlays as primary reasons for recent weakness in Bitcoin (BITSTAMP:BTCUSD). Speaking at an investment event, Saylor explained that risk-off market shocks affect Bitcoin more severely than stocks because the cryptocurrency acts as pure capital. He noted that yield curves have risen by 100 basis points over the past year while trade tensions and an estimated $1 trillion AI infrastructure buildout have pulled capital away from digital assets.

The digital currency trades near $82,400, remaining down roughly 35% from its record high of $126,080 set in October 2025. Market observers hold differing views on Bitcoin's path forward. Some analysts warn that a 20% decline in U.S. stock markets could push Bitcoin down toward $10,000. On the other hand, spot exchange-traded funds have absorbed $58 billion, which proponents argue establishes a cost-basis price floor near $30,000.

Despite near-term macroeconomic headwinds, Saylor expects Bitcoin to return to a bull market supported by traditional banking adoption. He anticipates bank custody of Bitcoin will build credit networks over the next 12 to 24 months, estimating that every $10 billion in credit creates demand equivalent to one year of new coin supply. Strategy currently holds about 4% of the ultimate 21 million Bitcoin supply.