Debate Ignites Over the Emergence of an Enhanced Bitcoin: An Investor’s Take

Key Points

• Angel investor Jason Calacanis calls for an alternative to Bitcoin, citing concerns over market centralization.
• Bitcoin’s performance has underperformed gold, losing 32% of its value compared to the precious metal.

Jason Calacanis, an angel investor, is advocating for an alternative to Bitcoin. He has expressed concerns about the centralization of the market.

At the time of reporting, Bitcoin [BTC] was trading at $82,972.15, reflecting a small 0.11% gain over the past 24 hours.

Calacanis Sparks Debate

Calacanis, known for his early support of Uber, has stirred controversy within the Bitcoin community. He believes that Bitcoin is destined to be replaced by a superior alternative. This claim has not been well-received by Bitcoin supporters.

According to Calacanis, Bitcoin’s market is monopolized by a small group of dominant players. He suggests that this undermines the principle of decentralization, which is foundational to Bitcoin. He advocates for a “better Bitcoin” that would reboot the ecosystem and promote fair participation.

Community Response and Bitcoin Performance

Calacanis’ claims have been countered by several members of the Bitcoin community. Additionally, Bitcoin’s performance compared to gold has sparked fresh debates.

Bitcoin has historically outperformed gold, but this trend reversed in 2025. Bitcoin has now lost 32% of its value compared to gold. This suggests that gold has performed better as a store of value in the first quarter.

Bitcoin’s gains during the ‘Trump pump’ have been erased, while gold has surged to a new high of $3,000. This underscores gold’s resilience in uncertain markets.