Investment
Features
FeesSafety
Academy
More
Pluang+

Early Uber investor criticizes Bitcoin's market impact due to MicroStrategy's dominance and Michael Saylor's influence.

Market News
17 Jul 2026
UToday
View Source
Bearish
pluang ai news

Jason Calacanis, an early Uber investor, argues that Bitcoin's main challenge is not the asset itself but the disruptive influence of MicroStrategy and its co-founder Michael Saylor. MicroStrategy has become the largest corporate Bitcoin holder, using aggressive financing to buy more BTC, which Calacanis says distorts the market and attracts speculative capital away from direct Bitcoin investments. He has criticized MicroStrategy's model as risky and likened it to a pyramid scheme, urging investors to buy Bitcoin directly instead. This highlights concerns about how corporate strategies can impact Bitcoin's market perception and investment dynamics.

More News

Borders & Southern advances Falklands oil talks as Sea Lion project development accelerates.

Borders & Southern advances Falklands oil talks as Sea Lion project development accelerates.

Borders & Southern Petroleum is progressing discussions with multiple parties to farm out its Darwin oil discovery in the Falkland Islands, amid growing investor interest driven by accelerated development of the Sea Lion oil project. The company owns...

Market News
Bullish
4 hours ago
Solana (SOL) rallies over 24% in a week, reclaiming $100 with strong whale buying and bullish outlook.

Solana (SOL) rallies over 24% in a week, reclaiming $100 with strong whale buying and bullish outlook.

Solana (SOL) has surged more than 24% in the past week and 43% over the last month, reclaiming the $100 price level. Institutional and whale investors, including DeFi Development Corp (DFDV), which added 19,000 SOL to its 2.3 million token holdings, ...

Market News
Bullish
4 hours ago
Dunkin' and BARK launch first dog drive-thru for National Dog Day, raising funds for children's hospitals.

Dunkin' and BARK launch first dog drive-thru for National Dog Day, raising funds for children's hospitals.

Dunkin' and BARK opened their first official dog drive-thru in Quincy, Massachusetts, on National Dog Day, offering dog treats, limited-edition bandanas, and plush toys inspired by Dunkin's menu. The event supports the Dunkin' Joy in Childhood Founda...

Others
Bullish
4 hours ago
XRP ETFs see $28M inflow as whale wallets accumulate, pushing price above $1.40 support.

XRP ETFs see $28M inflow as whale wallets accumulate, pushing price above $1.40 support.

US-listed XRP ETFs attracted $28.14 million on August 26, marking the second-largest daily inflow in 2026, led by Bitwise with $13.12 million. Whale wallets accumulated about 460 million XRP tokens, the strongest since February, signaling strong inst...

Market News
Bullish
4 hours ago
Bitcoin set to surpass gold in value and importance in next bull market, says ex-Binance CEO CZ.

Bitcoin set to surpass gold in value and importance in next bull market, says ex-Binance CEO CZ.

At Bitcoin Asia 2026 in Hong Kong, former Binance CEO Changpeng Zhao predicted Bitcoin will overtake gold's significance during the next bull market cycle. While gold's market cap is about $32.4 trillion, Bitcoin currently holds $1.6 trillion, with Z...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App