Calacanis: “Time to Build a New Bitcoin”

Speaking to his 981,600 followers on X on March 14, Jason Calacanis said:

“Bitcoin has been a great game, but a few major players have taken over the market. It’s time to reset the game and build a better Bitcoin.”

Calacanis had also been an early investor in Robinhood and Keza, two Bitcoin-focused startups. Nevertheless, he claimed that Bitcoin, like all technologies, will eventually give way to new alternatives.

A New Opportunity for Bitcoin Layer-2 Projects!

In response to Calacanis’ remarks, many founders and executives of Bitcoin-focused initiatives emphasized that nothing can replace Bitcoin. However, they also highlighted the growing significance of layer-2 protocols built on the Bitcoin network.

Brady Swenson, co-founder of Swan Bitcoin, commented:

“Winning protocols aren’t replaced by something else; they are built upon.”

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Meanwhile, Cory Klippsten argued that Bitcoin is not just a technology but a revolution.

Lightspark CEO David Marcus also chimed in, saying Bitcoin’s functional gaps can be addressed through layer-2 solutions, adding:

“Trying to build a better Bitcoin is a fool’s errand.”

Bitcoin Gets Harder to Change as It Grows!

Many experts pointed out that Bitcoin’s massive network effect makes it increasingly powerful. While Muneeb Ali, one of the founders of Stacks, predicted that two-thirds of current Bitcoin layer-2 projects will disappear within three years, most agreed that Bitcoin itself cannot be replaced.

Bitcoin advocate Wayne Vaughan stated:

“People who see Bitcoin as just an asset or an application think it can easily be replaced, but Bitcoin is actually a network.”

Strive Funds CEO Matt Cole was even more direct:

“There will not be a better Bitcoin.”

This isn’t the first time Jason Calacanis has caused a stir in the crypto world. Back in 2020, he claimed that almost every crypto project globally was run by either “unqualified idiots” or “scammers.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post “Build a Better Bitcoin” Call from Famous Investor! appeared first on Coin Engineer.