Michael Saylor Defends Bitcoin After VC Jason Calacanis Declares It Obsolete

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Venture capitalist Jason Calacanis publicly argued that Bitcoin has become outdated, comparing it to CDs in the era of Spotify and DVDs in the age of Netflix. His comments amounted to a symbolic 'obituary' for the cryptocurrency, suggesting it has been overtaken by newer alternatives. MicroStrategy executive chairman Michael Saylor pushed back against the critique, signaling his unwavering commitment to Bitcoin with the remark 'the orange tie stays.' Saylor has long been one of Bitcoin's most prominent corporate advocates, with MicroStrategy holding billions of dollars worth of the asset. The exchange highlights an ongoing debate between Bitcoin maximalists and those who believe the crypto landscape has evolved beyond it.

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