According to CoinMeta, ARK Invest CEO Cathie Wood countered venture capitalist Jason Calacanis who claimed that Bitcoin is a fading technology, stating, "Bitcoin is not a dead cat! It still has a lot of life left." This week, Bitcoin quickly rebounded above $80,000 after briefly falling below $76,000. Calacanis believes that Bitcoin has lost its luster after several rounds of adoption by institutions and is not suitable for daily trading, with a user experience that is daunting for ordinary users. He compared Bitcoin to the Spotify era's CD and the Netflix era's DVD. Strategy Execution Chairman Michael Saylor also supports Wood, pointing out that Bitcoin has a market value of about $1.6 trillion and emphasizing its importance as "digital capital." Although Calacanis still holds Bitcoin, his view of this asset has become more negative.