Jason Calacanis, a prominent angel investor who was an early backer of Uber and Robinhood, stated that he believes Bitcoin has formed a "strong bottom," but advised investors to sell half of their Bitcoin and invest it into productive projects "that are delivering new products," such as Solana (SOL) and Bittensor (TAO). He noted that Solana is currently trading at approximately $73.84 and Bittensor's TAO at around $190.83. Calacanis believes that capital should flow to where value is being created, rather than merely stored.