Come back after the summer, says one analyst on crypto markets

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Come back after the summer, says one analyst on crypto markets Bitcoin s growing divergence from tech stocks raises concerns as AI spending surges, says Quinn Thompson. By James Van Straten | Edited by Stephen Alpher Jun 9, 2026, 2:53 p.m. 2 min read Make preferred on What to know : Lekker Capital CIO Quinn Thompson argues bitcoin remains under pressure due to DAT issues, Strategy s STRC preferred shares, and quantum computing concerns, contributing to one of the largest divergences between crypto and technology stocks in recent years. Thompson is also bearish on tech, citing weakening Mag 7 leadership, rising hyperscaler debt, declining free cash flow from AI-related capex spending, and trillions of dollars in upcoming IPO supply. Bitcoin continues to flash warning signs, according to Quinn Thompson , CIO at Lekker Capital, as his fund remains firmly bearish on crypto heading into the summer. Thompson argues that the market faces a combination of structural challenges, including ongoing digital asset treasury (DAT) concerns, unresolved questions about Strategy s preferred stock STRC, and lingering fears about quantum computing risks to Bitcoin s security model.