Is Bitcoin 'outdated' like a DVD? Michael Saylor defends its role as digital capital

Venture capitalist Jason Calacanis recently criticized Bitcoin, comparing it to a 'DVD in the Netflix era' and arguing that it lacks utility for transactions or smart contracts. Michael Saylor responded by emphasizing that Bitcoin's primary value lies in its role as 'digital capital' for multi-generational wealth preservation rather than daily entertainment or transactional speed. The exchange highlights the ongoing debate between those who view technology through the lens of functional utility and those who prioritize Bitcoin's function as a store of value in an inflationary environment.