Bitcoin Will Be Replaced: Uber Investor Predicts a New Leader

Calacanis is known for his early investments in financial and crypto projects, including Robinhood and the Bitcoin startup Keza, which never officially launched and was later sold. Despite Bitcoin’s dominant position, he believes a new technology will likely replace it.

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. All technology gets replaced over time… and bitcoin will be no different,

Calacanis stated.

However, his remarks sparked a strong backlash from the crypto community. For example, Swan Bitcoin co-founder Brady Swenson responded by emphasizing that successful protocols don’t disappear—they evolve. His colleague, Cory Klippsten, added that Bitcoin is more than just a technology—it’s a revolution that impacts multiple industries.

Read more: The Bitcoin Kid’s 2011 Prediction — How Right Was He? 

Meanwhile, others pointed to the potential of Layer 2 (L2) solutions. Lightspark CEO David Marcus argued that any missing Bitcoin features can be implemented through Layer 2 blockchains without modifying the core protocol. ShapeShift CEO Eric Voorhees echoed this view, noting that alternative blockchains are already addressing these challenges.

Calacanis’s remarks not only sparked heated debates but also reignited discussions about the future of Bitcoin and the broader crypto industry. History has repeatedly shown that even the most controversial predictions can drive progress by encouraging dialogue and inspiring new solutions.

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