Arca disputes Saylor's AI blame for bitcoin crash, points to Strategy's own BTC sale
By
Omkar Godbole
Pulled from the oven just right. Trustworthy, fact-dense, deeply satisfying.
Summary
Crypto investment firm Arca disputes Michael Saylor's claim that the AI boom caused last week's bitcoin selloff, instead blaming Strategy's (formerly MicroStrategy) sale of 32 BTC. Bitcoin fell nearly 14% to $60,000 after Strategy disclosed the sale on June 1. Arca's CIO Jeff Dorman explicitly called out Saylor's explanation as "gaslighting" and attributed the selling pressure directly to the Saylor/MSTR news.
Key quotes
· 2 pulledThe selling pressure last week was clearly due to the Saylor/MSTR news
gaslighting from MSTR and other Bitcoin bulls
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