alt.hn

6/25/2026 at 1:42:32 AM

Bitcoin hits 20-month low as market sentiment sours

 https://www.ft.com/content/41d1da8f-e1a8-4953-9d89-a8caa84cd26c

by 1vuio0pswjnm7

6/25/2026 at 3:30:48 AM

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.

by Newlaptop

6/25/2026 at 5:28:56 AM

The broader market still sees it as a speculative investment.

&

This is a recession period.

by DANmode

6/25/2026 at 4:48:02 AM

Are they still buying?

by chistev

6/25/2026 at 8:32:07 AM

Still buying, currently 12.5 billys underwater.

If they sold today it would be comparable to the largest banking losses from the 2008 kerfuffle

by swarnie

6/25/2026 at 3:15:43 AM

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

by iamleppert

6/25/2026 at 5:40:58 AM

at least with AI you produce some results

by icf80

6/25/2026 at 1:12:23 PM

probably has more to do with them using the same hardware basis. You can't talk to your AI Girlfriend about how to take over the world and mine bitcoin.

by cyanydeez

6/25/2026 at 6:28:13 AM

Has anyone calculated what effect swapping AI datacenter calculation to bitcoin mining would have? They’re not asics, but this is a lot of hardware that’s been bought

by rndjdifi358

6/25/2026 at 3:03:02 AM

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.

by phendrenad2

6/25/2026 at 6:17:00 AM

Just a little bit lower before it can go up again.

by rdwrrr