Bitcoin Has an Obituary Problem, and Michael Saylor Is Not Buying It

Bitcoin has returned to the $80,000 level, but investor Jason Calacanis would rather write its obituary than celebrate the comeback.Calling Bitcoin a “dead cat” that keeps bouncing, Calacanis questioned what the asset has become 17 years after its launch. His argument was less about price than relevance: Bitcoin, he suggested, has failed to become especially compelling as a transaction network or smart-contract platform, while its user experience remains intimidating.Then there is th