Jason Calacanis Calls Bitcoin a 'Dead Cat' Which Continues to Bounce—Cathie Wood Argues BTC Has 'Many Lives Ahead''
Ark Invest CEO Cathie Wood on Saturday rebutted the argument that Bitcoin (CRYPTO: BTC) is an outdated and “boring” store of value. ‘No Longer Capturing the Public’s Attention’ In an X post, Venture capitalist Jason Calacanis argued that 17 years after its creation, Bitcoin lacks strong utility in transactions or smart contracts and is “no longer capturing the public’s imagination.” “It’s a boring store of value, trusted as that—which is its biggest value,” he added. Calacanis posted Bitcoin’s 1-year price chart, showing a 30% decline with a recent rebound, and said, “The dead cat continues to bounce.” Bitcoin is not a dead cat, @Jason! It has many lives ahead. Check out our latest Bitcoin Brainstorm with @bitcoinpark_ focused on the convergence between AI and Bitcoin. — Cathie Wood (@CathieDWood) September 19, 2026 Wood’s Defense Wood, a long-time Bitcoin advocate, was far from convinced. “Bitcoin is not a dead cat, Jason! It has many lives ahead,” the veteran investor stated. Wood also pointed to the latest episode of the Ark Invest-hosted “Bitcoin Brainstorm” podcast, where she discussed the convergence of AI and Bitcoin and noted that advanced AI models can be a double-edged sw
Ark Invest CEO Cathie Wood on Saturday rebutted the argument that Bitcoin (CRYPTO: BTC) is an outdated and “boring” store of value. ” “It’s a boring store of value, trusted as that—which is its biggest value,” he added. ” Bitcoin is not a dead cat, @Jason! It has many lives ahead.
Check out our latest Bitcoin Brainstorm with @bitcoinpark_ focused on the convergence between AI and Bitcoin. — Cathie Wood (@CathieDWood) September 19, 2026 Wood’s Defense Wood, a long-time Bitcoin advocate, was far from convinced. “Bitcoin is not a dead cat, Jason! It has many lives ahead,” the veteran investor stated.
Wood also pointed to the latest episode of the Ark Invest-hosted “Bitcoin Brainstorm” podcast, where she discussed the convergence of AI and Bitcoin and noted that advanced AI models can be a double-edged sword for the cryptocurrency. Wood has previously framed Bitcoin as a "wealth insurance policy" that AI-driven growth investments cannot offer. Notably, Ark Invest cashed out $40 million worth of ARK 21Shares Bitcoin ETF (BATS: ARKB ) shares shortly before the CLARITY Act’s legislative defeat last week. Focused on the convergence between #AI and #Bitcoin, this episode of Bitcoin Brainstorm is one of our best yet with @bitcoinpark_ and @rodroudi.
— Cathie Wood (@CathieDWood) September 19, 2026 Read Also: Ethereum Treasury Stocks SharpLink and BitMine Eye Further Upside as ETH Targets $3,000 Rebound Saylor, Armstrong Also Push Back Wood wasn’t the only one opposing Calacanis’ arguments. Strategy Inc. 6 trillion. “Preserving wealth across generations is a bigger ambition than entertaining a dinner party,” Saylor added.
Jason, you’ve watched Bitcoin grow since 2011. 6 trillion success and the world’s most valuable digital asset. Digital Capital is the killer app. Preserving wealth across generations is a bigger ambition than entertaining a dinner party.
The orange tie stays. — Michael Saylor (@saylor) September 18, 2026 Coinbase Global Inc. (NASDAQ: CEO ) CEO Brian Armstrong deemed Bitcoin as “Digital Gold,” which is here to stay. It's digital gold — here to stay, and as important as ever.
40% in the last 24 hours, according to data Pro. com