Early Uber Investor Urges Promoting Bitcoin for Solana – U.Immediately

Outstanding angel investor and early Uber backer Jason Calacanis has as soon as once more taken purpose at Bitcoin, saying he would relatively spend money on initiatives constructing actual merchandise.

Calacanis wrote that if BTC had been owned by his brother, he would advocate promoting half of it and reallocating the proceeds into “productive initiatives” similar to Solana and Bittensor (TAO).

“The BTC energy backside is in!” Calacanis joked earlier than including that Solana and TAO are “truly delivering new merchandise — not simply initiatives and guarantees,” he mentioned. 

No Solana funding 

For years, Calacanis had insisted that he had by no means owned Solana and questioned the blockchain’s real-world utility.

In late 2024, the outstanding enterprise capitalist mentioned he had “by no means owned SOL.” He claimed that nobody had been capable of clarify significant functions for the community past hypothesis.  

He reiterated that place a number of instances by means of early 2025, stressing that he owned solely Bitcoin whereas distancing himself from each Solana and XRP.

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Calacanis has lately change into far more optimistic on Solana. In current interviews and posts, he has argued that entrepreneurs are constructing on “TAO, SOL, and so forth.” and that Solana is producing actual merchandise.

Nonetheless, he has not publicly disclosed any funding within the token or direct ties to Solana Labs by way of his launch enterprise agency. 

Lengthy-running criticism of Technique

Though Calacanis is a longtime Bitcoin holder, he has been a really harsh critic of Technique co-founder Michael Saylor. 

Earlier this 12 months, the investor argued that Bitcoin has a “Technique drawback.” He’s satisfied that Saylor’s firm has change into too dominant inside the ecosystem and is distorting the market narrative. 

He has repeatedly urged traders to purchase Bitcoin straight as a substitute of buying Technique shares. The agency’s financing mannequin creates pointless dangers, based on Calacanis. 

In earlier remarks, Calacanis mentioned he would “by no means contact” Technique inventory even when it suffered a steep decline. He claims that there ought to be no taxpayer-funded bailout if the corporate had been ever to run into monetary bother.