Calacanis Calls Bitcoin a Dead Cat, Saylor and Wood Respond

Angel investor and All‑In podcast co‑host Jason Calacanis posted a one‑year Bitcoin chart showing a 30.75% decline and labeled the cryptocurrency a “boring store of value” that has become a “dead cat” bouncing. The post appeared as Bitcoin’s price hovered around $81,000, roughly 36% below its October 2025 peak of $126,080.

Reactions from Bitcoin Advocates

Michael Saylor responded three hours later, emphasizing Bitcoin’s growth since 2011 and its current market value of about $1.6 trillion. He noted that his firm holds 845,050 BTC and framed the criticism as a missed appreciation of Bitcoin’s role as a wealth‑preservation asset.

Cathie Wood, CEO of Ark Invest, replied succinctly, stating that Bitcoin is “not a dead cat” and has many lives ahead, while promoting Ark’s recent Bitcoin Brainstorm session on AI and Bitcoin.

Market Context

On the same day as Calacanis’s post, U.S. spot Bitcoin ETFs attracted $433 million in inflows, led by Fidelity’s FBTC with $311 million and BlackRock’s IBIT with $108 million, indicating continued institutional interest.

Calacanis’s Other Bets

Earlier in the year, Calacanis highlighted Bittensor’s token TAO as a potential 200× opportunity. TAO traded near $262 after falling more than 20% from its March high of $336.60.

Summary

The debate underscores differing views on Bitcoin’s maturity: critics see it as a stagnant store of value, while proponents point to its market size, institutional inflows, and ongoing innovation.