Bitcoin hits 20-month low as market sentiment sours

I've been surprised that the news that Strategy (formerly Microstrategy) bought 3x the total amount of mined bitcoin in the past year didn't cause bigger waves.

A single corporation is issuing debt at 11% interest to buy all the bitcoin being produced and a huge chunk of the additional sales. That's such an obviously precarious situation that I figured the news would cause a crash as people tried to get out of bitcoin before Strategy has to start liquidating, but it looks like there's still some runway left.

I wonder how much of this is investment flowing out of everything and into factories and mining other industries that the current regime is de-regulating.

Outflows into AI. I wouldn’t be shocked if it goes down to $20k soon.