Early Uber Investor Questions Current Bitcoin Price

Venture capitalist Jason Calacanis questioned whether Bitcoin’s current price is artificially supported by MicroStrategy’s aggressive accumulation, sparking debate about market distortion. An AI (Grok) estimated Bitcoin could be $10,000–$20,000 below today’s level (~$75,525) if Michael Saylor hadn’t bought since 2020. MicroStrategy’s latest $2.54 billion acquisition of 34,164 BTC lifted its holdings to 815,061 BTC, and Saylor’s purchases are said to total over $61 billion since 2020. The piece highlights concerns that MicroStrategy’s ATM equity-funded buying creates an artificial floor, while critics argue those buyers might have purchased BTC directly anyway. The coverage frames a broader market-impact discussion about concentrated accumulation and price signalling rather than immediate trading signals.