In a world where tech entrepreneurs are as plentiful as opinions on avocado toast, Jason Calacanis, the podcast host with a penchant for controversy, has taken to X to lambast Michael Saylor’s Bitcoin strategy. Calacanis, with the subtlety of a bull in a china shop, declared, “Saylor’s relentless Bitcoin evangelism and his high-risk accumulation tactics are not just damaging the Bitcoin ecosystem—they’re practically writing the script for ‘Bitcoin 2: The Sequel.’ Too much centralization, too much hyperbole, and too many conflicts. He’s practically handing someone the blueprint for a better Bitcoin on a silver platter.”
This verbal sparring comes hot on the heels of Saylor’s keynote at the Bitcoin For America event, where US Senator Cynthia Lummis announced her intention to reintroduce the “Bitcoin Act.” Under this proposed legislation, the US government would purchase one million BTC over five years—a move that has left many wondering if the government has finally discovered the joys of digital gold.
Meanwhile, Saylor’s company, Strategy (formerly MicroStrategy), has announced its intention to continue its Bitcoin buying spree, despite already owning nearly 500,000 BTC. Earlier this week, Saylor revealed that Strategy would raise additional capital through an at-the-market (ATM) stock offering of up to $21 billion in preferred shares, largely to continue its treasury practice of accumulating more Bitcoin. Because, apparently, half a million BTC just isn’t enough.
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2025-03-13 10:42