**[Michael Saylor Responds to Bitcoin Obituary from Investor]** Deep Tide TechFlow reports that on September 19, according to CoinDesk, as Bitcoin rebounded near the $80,000 mark this Friday, venture capitalist Jason Calacanis published a negative assessment of Bitcoin. Calacanis compared Bitcoin to CDs in the Spotify era and DVDs in the Netflix era, stating that it is unsuitable for transactions and smart contract use, with a user experience that deters adoption. He argued that after 17 years of development, Bitcoin has still failed to capture the public's imagination. "If Bitcoin were to achieve mass adoption and find significant use cases, it should have already done so," Calacanis wrote, adding that Bitcoin advocates have transformed from pirates into suit-wearing individuals with orange ties, "awkwardly sharing cringe-worthy memes." He also noted that people now expect Bitcoin's price to stabilize, and it is no longer seen as a get-rich-quick tool. Saylor later responded, saying: "If you look at Bitcoin's development from 2011 to today, it is now a $1.6 trillion success story and the world's most valuable digital asset." He further stated that digital capital is the killer application, with ambitions for intergenerational wealth preservation far exceeding dinner party entertainment topics. "The orange tie stays," he concluded.