Technology investor and podcast host Jason Calacanis, who called for an AI pivot in 2023, urged investors on Tuesday to sell Bitcoin
Technology investor and podcast host Jason Calacanis, who called for an AI pivot in 2023, urged investors on Tuesday to sell Bitcoin, predicting it would revisit $57,000 within the next 12 months and never reach another record high. Bitcoin traded near $79,600 on Tuesday. Calacanis argued that Bitcoin is a "dead network" offering nothing beyond a store of value, citing recent ETF outflows of $774 million across Thursday and Friday (though $110 million flowed back on Monday). He advocates shifting funds to "Super Intelligence" (AI) and disclosed holding TAO, the token behind the AI network Bittensor, which rewards participants for providing AI services.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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