Angel investor Jason Calacanis advocates for an alternative to Bitcoin, citing concerns about market centralization.
Calacanis' Proposals
Jason Calacanis, known for his early support of Uber, has stirred controversy within the Bitcoin community. He believes that Bitcoin could be replaced by a superior alternative. According to him, Bitcoin's market is dominated by a small group of influential players, undermining the decentralization principle foundational to the cryptocurrency. Calacanis calls for a 'better Bitcoin' that would reboot the ecosystem and promote fair participation.
Community Response and Bitcoin Performance
Calacanis' claims have been met with criticism from several members of the Bitcoin community. Bitcoin has historically outperformed gold, but this trend reversed in 2025. Bitcoin has lost 32% of its value compared to gold, sparking fresh debates on its effectiveness as a store of value. The 'Trump pump' gains in Bitcoin have been erased.
Comparison with Gold
Amid Bitcoin's declining value, gold has shown steady growth, reaching a new high of $3,000. This highlights gold's resilience in uncertain markets. Gold's performance in the first quarter has surpassed that of Bitcoin, making it a preferred store of value recently.
Calacanis' statements and current market conditions highlight ongoing debates about the future of Bitcoin and cryptocurrencies overall.
