“The deceased feline keeps rebounding,” commented investor Jason Calacanis as the price of bitcoin climbed back to the $80,000 threshold on Friday.
“What is Bitcoin, 17 years later?”
Calacanis proceeded to contend that Bitcoin falls short regarding transactions and smart contracts, features a complex user interface, and fails to captivate public interest any longer.
“Should it arise during a dinner gathering,” Calacanis remarked, “it is typically met with a robust ‘remember that!'”
“People anticipate bitcoin will remain stable and view it no longer as a scheme for rapid enrichment,” he added. “It has become tedious… Its supporters transformed from outlaws into professionals wearing orange ties, awkwardly circulating embarrassing memes—just like the hip crowd does!”
“If Bitcoin were destined for widespread adoption and a critical application where it outperforms all competitors, it would have achieved that by this point.”
‘Preserving wealth across generations’
“You have observed Bitcoin expand since 2011,” replied Michael Saylor. “It currently stands as a $1.6 trillion triumph and holds the title of the globe’s premier digital asset.”
“Digital Capital represents the ultimate application,” Saylor pursued. “Safeguarding capital through generations holds greater significance than amusing a dinner table.”
“The orange tie stays.”
Originally published at https://www.coindesk.com/markets/2026/09/19/the-orange-tie-stays-michael-saylor-responds-to-venture-capitalist-s-bitcoin-obituary.
