Key Takeaways:
- Investor Critique: Angel investor Jason Calacanis suggested Bitcoin could be replaced by a superior alternative, citing market concentration.
- Community Rebuttal: Bitcoin advocates argue that layer-2 solutions address scalability and functionality concerns, making replacement unlikely.
- Past Controversy: Calacanis has a history of criticizing the crypto space, previously calling many projects poorly led.
Uber angel investor Jason Calacanis has sparked controversy in the Bitcoin community by suggesting that the cryptocurrency will eventually be replaced by a superior alternative.
On March 14, he posted on X (formerly Twitter) to his nearly one million followers, stating that Bitcoin’s market concentration by a few large players makes it the right time to “build a better Bitcoin.”
All technology gets replaced over time… and bitcoin will be no different.
— @jason (@Jason) March 14, 2025
For intellectually honest #bitcoin maxis, what would a new protocol look like?
How would you restart the game?
Despite previous investments in Bitcoin-related companies like Robinhood and Keza, Calacanis argued that no technology lasts forever, and Bitcoin will be no exception.
His remarks faced immediate pushback from Bitcoin supporters, who insist that Bitcoin will not be replaced but instead improved through layer-2 solutions.
These enhancements aim to address scalability and expand Bitcoin’s functionality, including enabling smart contracts. Industry leaders argue that Bitcoin’s decentralized network and security make it irreplaceable.
Calacanis has a history of making bold statements about crypto.
In June 2020, he controversially claimed that most crypto projects were run by “unqualified idiots” or “grifters.”
His latest comments have reignited debates over Bitcoin’s long-term viability and whether technological advancements will outpace its dominance.
While critics challenge his views, his remarks highlight ongoing discussions about Bitcoin’s future in an evolving financial landscape.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
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