BTC Vs. TAO: Jason Calacanis Says Bitcoin Will Never Hit New Highs, Backs Bittensor Instead

What happened

Jason Calacanis, an angel investor in Uber and Robinhood, urged followers to sell Bitcoin and buy into artificial intelligence, saying he holds Bittensor. He said Bitcoin will never break its all-time high and will test its 57k low within 12 months.

Confirmed

Global impact / market context

If prominent investors publicly push money away from Bitcoin toward AI tokens, that shifts where investor dollars and attention go. Bitcoin ETFs, which are baskets of Bitcoin that trade like stocks, could see continued outflows, meaning more investors selling shares than buying.

Analyst inference

The article notes Bitcoin ETF outflows are being watched as a signal. Calacanis's claim that Bitcoin is a dead network offering only store of value, which means just holding value rather than doing more, frames Bitcoin as losing its growth story to AI.

Analyst inference

What to watch

1. Calacanis said outflows from Bitcoin exchange traded funds are a signal and will continue. Watch whether ETF flows, meaning money moving in or out of these funds, keep running negative. Confirmed
2. Watch whether Calacanis's call to sell Bitcoin and shift into AI gains traction among other well-known investors, which could turn one opinion into a wider repositioning. Proposed
3. Watch whether Bitcoin approaches the 57k low he cited within a year. If it does, that could reinforce his argument and add selling pressure from investors who expect deeper losses. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• stocktwits.com