Tech investor Jason Calacanis has called meme coins a “giant scam,” stating he has no involvement with any such projects and will never approach anyone privately with investment advice. He has also adopted a skeptical stance toward Bitcoin, describing recent price recoveries as a “dead cat bounce” and questioning the cryptocurrency’s relevance for everyday transactions and smart contracts 17 years after its launch. Calacanis has repeatedly targeted Michael Saylor, Strategy’s co-founder and one of Bitcoin’s most prominent advocates, jokingly asking followers to “check on Saylor” during periods of Bitcoin weakness. Despite his criticism, he has continued to comment on Bitcoin’s short-term price movements and has maintained advice that investors should only buy meme coins or invest in startups if they can afford to lose 100% of their capital.
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