---
title: "Saylor Blasts Bitcoin Doom Narrative, Says $400B AI Frenzy Drained Crypto Capital"
url: https://thecoingazette.com/saylor-blasts-bitcoin-doom-narrative-says-400b-ai-frenzy-drained-crypto-capital/
date: 2026-06-04
modified: 2026-06-04
lang: en
author: "Coin Gazette Editorial"
description: "Bitcoin fell to a low of $61,310 on June 4 as traders debated whether Strategy’s first net bitcoin sale since 2022 or billions in exchange-traded fund (ETF) outflows played the..."
categories:
  - "Crypto News"
  - "michael saylor"
  - "News"
  - "Strategy"
tags:
  - "Artificial intelligence (AI)"
  - "bitcoin treasuries"
  - "Michael Saylor"
  - "News"
  - "Strategy"
image: https://thecoingazette.com/wp-content/uploads/2026/06/saylor-blasts-bitcoin-doom-narrative-says-400b-ai-frenzy-drained-crypto-capital.png
word_count: 56
---

# Saylor Blasts Bitcoin Doom Narrative, Says $400B AI Frenzy Drained Crypto Capital

![](https://static.news.bitcoin.com/wp-content/uploads/2026/06/saylor-blasts-bitcoin-doom-narrative-says-400b-ai-frenzy-drained-crypto-capital_nwmk-768x432.png)Bitcoin fell to a low of $61,310 on June 4 as traders debated whether Strategy’s first net bitcoin sale since 2022 or billions in exchange-traded fund (ETF) outflows played the larger role in the market’s decline. Strategy Boss Blames $400B AI Spending Wave At 10 a.m. EDT, bitcoin was trading between $63,500 and $64,500. The […]