Saylor blames trade policy, rising yields and AI spending for Bitcoin's weakness

• —Saylor says negative shocks hit Bitcoin harder than stocks because it is "pure capital"
• —A 100 bps rise in the yield curve and trade disputes are cited as key headwinds
• —AI infrastructure buildout is absorbing about $1 trillion of investor capital
• —BTC trades near $82,400, roughly 35% below its October 2025 record of $126,080