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Pierre Rochard, CEO at The Bitcoin Bond Company, comments on recent market dynamics. He suggests that sales by Saylor and Strategy are not responsible for bitcoin's declining price. Instead, there is a significant parabolic rise in AI-related equities, which is absorbing excess liquidity at a scale much larger than bitcoin's market cap. Rochard also notes that the labor market remains healthy.
Rochard has previously argued that bitcoin remains the most undervalued asset in history due to increasing information asymmetry in the market. He has also observed that fewer bitcoin treasuries have issued digital credit, noting distinctions in the approaches taken by Strategy and Strive. These earlier comments align with his continued monitoring of institutional activity and market flows.