Key Points
- Angel investor Jason Calacanis calls for a superior alternative to Bitcoin, voicing concerns about market centralization.
- Bitcoin’s performance against gold ignites fresh debates as the cryptocurrency loses 32% of its value compared to the precious metal.
Jason Calacanis, an angel investor, has expressed his concerns about the centralization of the Bitcoin market. He believes that a superior alternative to Bitcoin is necessary.
At the time of writing, Bitcoin was trading at $82,972.15, a modest 0.11% gain in the past 24 hours, according to the latest data from CoinMarketCap.
Calacanis Sparks Bitcoin Debate
Calacanis, known for his early investment in Uber, has stirred controversy within the Bitcoin community. He asserted that a superior alternative is destined to replace Bitcoin, a claim that has been met with significant backlash.
Calacanis expresses concern about the current state of Bitcoin, particularly the perceived centralization of the market. He suggests that a small group of influential players have monopolized the Bitcoin ecosystem, undermining its foundational principle of decentralization.
He advocates for a “better Bitcoin,” envisioning an alternative that could foster fairer participation and restart the ecosystem. His comments also hint at the possibility of market manipulation by influential figures.
Community Response and Bitcoin’s Performance Against Gold
In response to Calacanis’ claims, some users have disagreed. One user, Christopher David, stated, “In a decentralized world, the best tech wins.”
Meanwhile, Bitcoin’s performance against gold has sparked fresh debates. Bitcoin has historically outperformed gold, but this trend reversed in 2025. Currently, Bitcoin has lost 32% of its value against gold. This indicates gold’s superior performance as a store of value in Q1.
Bitcoin’s value fell while gold surged to a new high of $3,000, highlighting the resilience of gold during uncertain markets.
