According to Michael Saylor, Strategy Executive Chairman, Bitcoin is experiencing an "AI summer" slump as capital diverts to massive AI fundraising rounds by OpenAI, Anthropic, Google, Meta, and SpaceX, each raising roughly $500 billion. Saylor predicted the trend will reverse by year-end once AI deal lockups expire and early investors rotate profits back into Bitcoin.
Bitcoin traded at $66,343 on June 16, down 0.1% in the past 24 hours, with retail sentiment remaining bullish. Saylor called 2026 "the most exciting year in Bitcoin history," emphasizing that sustained inflows from credit markets—through digital credit or bank credit from institutions like JPMorgan, Morgan Stanley, and Citigroup—are crucial for future growth.