Bitcoin Dips Below $64K as Bitwise Calls It Deep Value vs AI Stocks

Bitcoin slipped below $64,000 after the Fed’s unchanged rates and higher-for-longer dot plot reinforced liquidity concerns. The move follows a June 8-9 selloff that triggered $10 billion in futures liquidations and $2.6 billion in ETF outflows as capital rotated into AI infrastructure and SpaceX’s IPO. Michael Saylor countered on June 17 that the rotation is temporary, lasting 12-24 weeks before hedge-fund profits return to Bitcoin. Latest data show altcoins facing record outflows while Bitcoin and AI-linked assets attract selective inflows, leaving BTC trading at historically cheap Mayer Multiple levels yet still pressured by macro headwinds.