ARK Invest CEO Cathie Wood has rejected venture capitalist Jason Calacanis’ claim that Bitcoin represents a fading technology. According to Wood’s X post, Bitcoin is “not a dead cat” and still has many lives ahead. Her response challenged Calacanis’ description of Bitcoin’s recovery above $80,000 as a temporary dead cat bounce. However, Calacanis argued that institutional adoption has stripped Bitcoin of the rebellious identity that once attracted early supporters.