-
In a surprising twist, Bitcoin has lost a staggering 32% of its value against gold as investor Jason Calacanis advocates for a “better Bitcoin”.
-
The crypto landscape is witnessing renewed interest, yet Bitcoin’s recent performance raises questions about its future as a dominant option.
-
Calacanis suggested, “Bitcoin has been a wonderful game, but with a couple giant players cornering the market, the timing is right to ‘build a better bitcoin’ — restarting the game!”
Bitcoin faces new challenges as it loses 32% against gold, spurring calls for a “better Bitcoin” from investor Jason Calacanis. Key updates inside.
Jason Calacanis ignites Bitcoin controversy
Amid this recovery, angel investor Jason Calacanis has sparked controversy within the Bitcoin community. His remarks have brought to light significant concerns surrounding Bitcoin’s market structure, particularly as he suggests that a superior alternative may be necessary.
The tech investor, known for backing Uber in its early days, recently claimed that BTC is destined to be replaced by a superior alternative—an assertion that has drawn significant backlash from Bitcoin proponents.
Calacanis said,
“Bitcoin has been a wonderful game, but with a couple giant players cornering the market, the timing is right to ‘build a better bitcoin’ — restarting the game!”
He further elaborated,
“folks cornering the market will say this is foolish, while they donate to Trump to encourage more buying, but…”
What is he trying to convey?
Jason Calacanis appears to critique the current state of Bitcoin, emphasizing his concern about its centralization. His remarks suggest that a small group of dominant players has monopolized the Bitcoin ecosystem.
He argues that this dynamic undermines its foundational principle of decentralization. By advocating for a “better Bitcoin,” Calacanis envisions an alternative that could restart the ecosystem and foster fairer participation.
His mention of “donations to Trump to encourage more buying” hints at a belief that certain influential figures may manipulate narratives or market sentiment for their benefit. Through this, Calacanis challenges the status quo and invites others to consider innovative approaches to improve Bitcoin or explore alternatives altogether.
Community reacts
Countering Calacanis’ claims, an X (formerly Twitter) user — Christopher David noted,
Source: Christopher David/X
Another X user—Manny added,
“Brother you missed it just buy more.”
What’s more?
Bitcoin’s performance against gold has sparked fresh debates. Long-time critic Peter Schiff claims BTC is in a “stealth bear market” compared to gold.
Historically, Bitcoin outperformed gold, surging over 12,000% in a decade and 200% in two years. However, this trend reversed in 2025.
Currently, BTC has lost 32% of its value against gold, dropping from 41 to 28 on the BTC/gold chart. This indicates gold’s superior performance as a store of value in Q1.
Bitcoin erased its ‘Trump pump’ gains, while gold surged to a new high of $3,000, highlighting gold’s resilience during uncertain markets.
Conclusion
As the debate around Bitcoin’s viability continues, the discussions prompted by Jason Calacanis spotlight critical concerns about market centralization and the need for evolution. These insights emphasize the necessity for ongoing innovation in the cryptocurrency space. The current landscape suggests that alternatives may be necessary for Bitcoin to reclaim its past glories against gold.
