Bitcoin: Michael Saylor responds to those announcing its death

Bitcoin returned around 80,000 dollars on Friday, but Jason Calacanis does not see it as a comeback. The American investor believes that the asset has lost a good part of its appeal with the general public after 17 years of existence. Michael Saylor replied with a figure: 1,600 billion dollars of capitalization. For the executive chairman of Strategy, Bitcoin does not need to become the next universal means of payment. Its main use would now be the preservation of wealth over the long term.

In brief

BTC at $80,000, but Calacanis is still not convinced

The rebound of Bitcoin was enough to revive an old debate. On Friday, as the BTC reached 80,000 dollars, Jason Calacanis compared the movement to the rebound of an asset he already considers outdated. However, the investor has followed Bitcoin since its early years. He now believes that the user experience remains complicated, that the network has not become a reference for payments or smart contracts, and that public enthusiasm has faded.