Famous American angel investor Jason Calacanis recently stated on social media that there is still a possibility that Bitcoin will fall to zero, but that this probability is quite low, below 5%. Calacanis emphasized that Bitcoin has become an asset that is “too big to fail” today. These statements contradict his previous views. In late 2018, when Bitcoin was in a deep bear market, Calacanis assessed the probability of the leading cryptocurrency falling to zero as 70%.$BTC
Calacanis criticized Bitcoin’s unregulated nature, warning that the cryptocurrency is highly manipulable and that “if you didn’t invest early, you’re the one who missed out.” Such comments stand out as a reminder that the crypto world still poses serious risks. Calacanis also found it surprising that Bitcoin hasn’t been banned by Western governments, calling it a “brilliant achievement” that the Bitcoin network has yet to be taken over by a nation-state or hacker group.
Calacanis’ statements also align with his own Bitcoin investments. “In full disclosure, we have a significant amount of Bitcoin that we bought at $100-$200 and are still holding,” the investor said, once again expressing his long-term interest in Bitcoin.
These statements come in line with the recent jump in Bitcoin’s market value. Earlier today, Bitcoin made a strong rally, reaching a record high of $81,800. These fluctuations show that Bitcoin is still at the center of many discussions and potential opportunities. The future of cryptocurrency markets is likely to continue to be shaped by government policies, regulatory actions, and market dynamics.