Bitcoin News

Story: Saylor Defends Bitcoin’s $1.6 Trillion Value Against Calacanis’s Harsh Critique

By Evie Vavasseur

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Calacanis Calls It a Missed Moment. Calacanis's critique is pretty blunt. He compared Bitcoin to CDs and DVDs — technologies that…

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Saylor's Case: Digital Capital, Not Digital Cash. Saylor's argument has shifted over the years, and he's pretty open about that.

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Strategy's Flexible Playbook. One thing worth watching: Strategy isn't as rigid as it used to seem.

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Bitcoin hit $80,000 again. And instead of celebration, it sparked a fight.

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Jason Calacanis, one of the more vocal American investors in the tech space, came out swinging against Bitcoin's relevance — calling it basically a relic, a technology that had…

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Not really a new argument, but it's gotten sharper.

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Calacanis's critique is pretty blunt. He compared Bitcoin to CDs and DVDs — technologies that seemed important once, then got steamrolled by something better.

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The comparison is harsh but not totally without logic. Bitcoin's original pitch — peer-to-peer digital cash — hasn't really materialized at scale.

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Calacanis thinks it's worse. Or at least, less interesting.

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Saylor disagrees — and he's got receipts. Strategy just bought another 4,603 BTC for $369.7 million. That's not a company hedging its bets.

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Saylor's argument has shifted over the years, and he's pretty open about that. He doesn't really try to defend Bitcoin as a payment tool anymore.

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Read also: Saylor Defends Bitcoin Against Calacaniss Criticism as Price Hits $80,000

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He's also acknowledged that Bitcoin's market has changed structurally. It's not driven purely by mining cycles and halvings the way it used to be. ETFs are in the picture now.

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But Saylor's view seems to be: fine. If that's what it is, that's what it is. Preservation of wealth across generations is enough of a use case to justify $1.

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One thing worth watching: Strategy isn't as rigid as it used to seem. The company, previously known for a pretty simple accumulate-and-hold approach, has started selling portions…

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