Michael Saylor · Bitcoin · CLARITY Act · CoinDesk
'The orange tie stays': Michael Saylor responds to venture capitalist's bitcoin obituary
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“The dead cat continues to bounce,” wrote investor Jason Calacanis as bitcoin returned to the $80,000 level on Friday.
Key facts
- The dead cat continues to bounce,” wrote investor Jason Calacanis as bitcoin returned to the $80,000 level on Friday
- You’ve watched Bitcoin grow since 2011,” responded Michael Saylor
- If Bitcoin were going to reach mass adoption and an important use case, it does better than anyone else, it would have by now
- As stablecoins move into regulated finance, APAC is becoming a key proving ground
Summary
“What is Bitcoin, 17 years later?” Calacanis went on to argue that Bitcoin isn’t great for transactions or smart contracts, has an intimidating user experience, and no longer captures the public’s imagination. “Folks expect bitcoin to be stable and that it’s no longer a way to get rich quick,” he continued. “If Bitcoin were going to reach mass adoption and an important use case, it does better than anyone else, it would have by now.”