Key Takeaways
- Jason Calacanis suggested Bitcoin will be replaced by something better.
- Bitcoin advocates argue that layer-2 solutions can address limitations.
- Industry leaders assert Bitcoin's network effect makes it irreplaceable.
Uber angel investor Jason Calacanis has ignited a debate in the Bitcoin community after suggesting that the leading digital asset will eventually be replaced by something superior.
Calacanis told his 981,600 X followers on March 14:
Bitcoin has been a wonderful game, but with a couple of giant players cornering the market, the timing is right to ‘build a better Bitcoin’—restarting the game.
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!
— @jason (@Jason) March 14, 2025
folks cornering the market will say this is foolish, while they donate to Trump to encourage more buying, but…
Calacanis’ perspective
Calacanis, an early investor in Bitcoin-related companies like Robinhood and Keza, asserted that all technology is eventually replaced, and Bitcoin will be no different.
Industry leaders respond
Industry leaders were quick to counter Calacanis’ claim. Swan Bitcoin co-founder Brady Swenson argued:
Winning protocols don’t get replaced; they are built upon.
His fellow co-founder, Cory Klippsten, added that Bitcoin is a technological revolution, not just a single innovation.
Layer-2 solutions
Lightspark CEO David Marcus and ShapeShift CEO Eric Voorhees echoed similar sentiments, stating that Bitcoin’s limitations can be addressed through layer-2 solutions rather than by creating a replacement.
The strength of Bitcoin’s network
Wayne Vaughan, a Bitcoin advocate, emphasized that Bitcoin’s strength lies in its network.
He said:
The larger the network gets, the less likely it is for something else to replace it.
Proponents’ viewpoint
Despite some layer-2 projects failing, Bitcoin proponents maintain that the core protocol will remain dominant, with innovations being built on top of it rather than replacing it.
