Michael Saylor defended Bitcoin as a $1. 6 trillion wealth‑preservation asset after venture capitalist Jason Calacanis called it outdated and boring.
Investor Jason Calacanis wrote that Bitcoin now feels like “the CD in the age of Spotify, the DVD in the age of Netflix,” arguing it is not suited for transactions or smart contracts, has an intimidating user experience, and no longer captures public imagination. He said Bitcoin is now “boring,” expected to be stable rather than a quick‑rich opportunity, and that its advocates have become “suits in orange ties” sharing memes.
Michael Saylor replied that Bitcoin has grown since 2011 into a $1.6 trillion success and the world’s most valuable digital asset. He called “Digital Capital” the killer app and said preserving wealth across generations is a larger ambition than entertaining a dinner‑party, concluding “The orange tie stays.”
The available reporting provides only these statements from Calacanis and Saylor; further context or reactions are not included in the source.