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Michael Saylor defends Bitcoin's value against criticism, calling it a $1.6 trillion digital asset for wealth preservation.

Market News
19 Sep 2026
Coindesk
View Source
Neutral
Michael Saylor defends Bitcoin's value against criticism, calling it a $1.6 trillion digital asset for wealth preservation.

Investor Jason Calacanis criticized Bitcoin as outdated and no longer exciting, comparing it to CDs and DVDs in the streaming era and saying it lacks mass adoption and practical use. In response, Michael Saylor highlighted Bitcoin's growth since 2011 into a $1.6 trillion digital asset, emphasizing its role in preserving wealth across generations rather than just being a trendy investment. This exchange reflects ongoing debate about Bitcoin's future and utility in the evolving digital economy.

Regarding the debate on Bitcoin's future, here is Pluang's cryptocurrency market snapshot as of Sep 19, 2026 19:01 WIB: Out of 50 major cryptocurrencies priced on Pluang, 45 rose and 4 fell today. Notable gainers include FIL (Filecoin) at Rp17.437 with a 14.69% increase and a typical hold time of 99 days, BAL (Balancer) at Rp16.297 up 11.14%, and ATOM (Cosmos) at Rp31.246 rising 8.78% with a typical hold time of 60 days and a buy order activity of 75%.

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