Jason Calacanis Says Sell Bitcoin, Back AI: Predicts $57,000 BTC and Backs Bittensor's TAO

Prominent angel investor Jason Calacanis, known for his early call to pivot toward artificial intelligence in 2023, is now urging investors to sell bitcoin, predicting a drop to $57,000. Calacanis, who has backed major tech startups, argues that capital should flow into AI instead of crypto, marking a notable shift from his previous crypto enthusiasm. He revealed he is holding TAO, the cryptocurrency that powers Bittensor, a decentralized AI network that incentivizes machine learning models. This dual stance—bearish on bitcoin, bullish on AI-focused crypto—highlights a growing narrative that AI will dominate the next tech cycle. Bittensor's TAO has surged as investors seek exposure to AI through digital assets. Calacanis's comments could influence retail and institutional sentiment, especially given his track record of spotting tech trends early. If bitcoin slides to $57,000, it would represent a significant correction from recent highs, testing long-term holders. Meanwhile, AI-linked tokens like TAO may continue to outperform as the AI sector expands. The takeaway: the smart money is rotating from pure crypto plays to AI infrastructure, and Calacanis is betting on the convergence of both worlds.