[Michael Saylor Rebuts Bitcoin Criticism: Digital Capital is the Killer App, the Orange Tie Stays On] According to CoinDesk, investor Jason Calacanis criticized Bitcoin on Friday as it returned to $80,000, calling it a 'dead cat bounce' and questioning, '17 years later, what exactly is Bitcoin?' He argued that Bitcoin is neither good at transactions nor smart contracts, has an intimidating user experience, and no longer inspires public imagination, labeling it as 'very boring.' He also claimed that its supporters have shifted from 'pirates' to 'suit-wearing individuals with orange ties,' and stated that if Bitcoin were to achieve mass adoption and significant use cases, 'it should have happened by now.' In response, Strategy founder Michael Saylor stated that Bitcoin is now a successful project with a market capitalization of $1.6 trillion and is the most valuable digital asset in the world.