Jason Calacanis Denies Meme Coin Ties, Calls Bitcoin Recovery a Dead Cat Bounce
Jason Calacanis says he has nothing to do with meme coins and never will, while questioning Bitcoin's relevance and warning investors they could lose everything.
Jason Calacanis Denies Meme Coin Ties, Calls Bitcoin Recovery a Dead Cat Bounce Jason Calacanis says he has nothing to do with meme coins and never will, while questioning Bitcoin's relevance and warning investors they could lose everything. Investor Jason Calacanis said he is not involved in any meme coin projects and intends to keep it that way. In a recent social media post he wrote that he has nothing to do with any meme coins and never will. He also warned that for the truly gullible, he will obviously never ask anyone to buy, sell or trade anything, especially on social media or via direct message. Calacanis added that people should not buy meme coins or invest in startups unless they are financially prepared to lose their entire investment. He wrote that people should not buy meme coins or invest in startups if they cannot afford to lose 100 percent of the money they put down. The warnings come as meme coins remain a volatile segment of the crypto market, often promoted heavily on social media and through private messages.Despite describing himself as a fan of Bitcoin, Calacanis has recently adopted a distinctly skeptical tone toward the world's largest cryptocurrency. On Sept. 18, he described Bitcoin's price recovery as a dead cat bounce while questioning the cryptocurrency's relevance 17 years after its launch. Calacanis argued that Bitcoin is still poorly suited for everyday transactions and smart contracts, while its user experience remains intimidating for mainstream users. He also claimed that the cryptocurrency is no longer capturing public attention in the way it once did.The comments followed an even more bearish post on Aug. 22, when Calacanis said he believed a previous Bitcoin rally was a dead-cat bounce and predicted that the cryptocurrency would not reach a new all-time high anytime soon. There are more valuable things for individuals and institutions to own IMO, he wrote at the time. His criticism has not stopped him from commenting enthusiastically on Bitcoin's short-term moves. On the same day, he later posted a simple BITCOIN as the cryptocurrency moved higher.Calacanis has also repeatedly poked fun at Strategy co-founder Michael Saylor, one of Bitcoin's most prominent corporate advocates. In August, he jokingly asked followers to check on Saylor during a period of Bitcoin weakness. That mix of mockery and occasional enthusiasm suggests his public position is not a blanket rejection of crypto, but a repeated warning about speculation and the limits of Bitcoin's current use cases.At the same time, his past remarks have been somewhat more nuanced than his latest giant scam characterization. That contrast suggests his public position is not a blanket rejection of crypto, but a repeated warning about speculation and the limits of Bitcoin's current use cases. For readers tracking the debate, the key takeaways are Calacanis's denial of any meme coin ties, his view that Bitcoin remains poorly suited to everyday payments and smart contracts, and his advice that anyone buying meme coins or startup stakes should be ready to lose 100 percent of their money.Solana, Zcash, Chainlink and Cardano were highlighted in a Sept. 26 price analysis noting that the market retains bullishness. Separately, XT Exchange listed Ri-Nn (RIN), a Layer 1 project focused on connected devices, and Streamex converted interest into capital as its GLDY investment strategy secured more than $1 million in institutional allocation.
Original source:
Head Topics
Comments 0