Bitwise Advisor: Bitcoin Sold Off Not Due to Strategy, but Capital Rotation to Popular Targets such as SpaceX, Anthropic

BlockBeats News, June 4th, Bitwise advisor Jeff Park announced on social media that he does not believe the Bitcoin sell-off was due to MicroStrategy's sale of Bitcoin.

Jeff Park believes that Bitcoin was more likely used to fund hot upcoming trades in the market, such as SpaceX, Anthropic, and other investors' sudden "must-hold" assets. This means that the breakdown of future relevance itself will become new fuel.