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Uber early investor says no need for Strategy to invest in bitcoin

Jason Calacanis, an early Uber investor, said Michael Saylor’s large-scale bitcoin accumulation could limit bitcoin’s further rise. He said Strategy’s accumulation method and financing structure have changed how the bitcoin market works. The remarks came as he pushed back against SkyBridge Capital founder Anthony Scaramucci’s optimism on bitcoin. Calacanis has previously criticised Strategy as a complex way to buy bitcoin. Bitwise CEO Hunter Horsley disputed Calacanis’ view.