Bitcoin News

Story: Bitcoin Loses $200 Billion but Its Biggest Believers Aren’t Selling

By Julie Binoche

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Mallers Skips the Forecast, Suggests Buying. Jack Mallers took a different angle. He didn't offer a specific market call — no price prediction,…

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What Bitcoin Purists Actually Believe. Bitcoin purists aren't really engaging with the AI narrative on its own terms.

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The market just shed $200 billion. And the loudest Bitcoin voices? Pretty much unbothered.

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Mati Greenspan and Michael Saylor both pointed at the AI boom as the main culprit behind the selloff.

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Jameson Lopp, a well-known figure in the Bitcoin developer community, stayed calm too. Lopp's position basically mirrors what a lot of long-term holders believe — that Bitcoin…

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Jack Mallers took a different angle. He didn't offer a specific market call — no price prediction, no timeline, no "Bitcoin hits X by Y date" type of statement.

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Worth noting — Mallers didn't spell out exactly how deep the dip needs to go before buying makes sense. No specific level, no specific allocation advice.

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The AI angle is worth sitting with for a second. The argument Greenspan and Saylor are making isn't new, but it's getting louder.

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Related: Bitcoin Plummets Below $61K as Strategy Sells and Peter Schiff Eyes $20K Floor

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Bitcoin purists aren't really engaging with the AI narrative on its own terms. They're not saying AI is bad or that the excitement is misplaced.

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And it's a crowd that has been through this before. Bitcoin has shed massive percentages of its value multiple times over the past decade and come back each time.

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Saylor in particular has staked a lot on Bitcoin not just as an investment but as a kind of monetary philosophy. A $200 billion market drop doesn't change that worldview.

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The broader crypto market is still reacting. Whether the AI rotation is a short-term distraction or something more structural — nobody's really saying definitively.

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Read also: Bitcoin Drops 22% and 4,500 Traders Watch the $71,495 Line

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Lopp, for his part, just doesn't seem particularly worried either way.

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