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

Bitcoin's main upgrade this year changed how the network lines up waiting payments, while Bittensor's biggest first-hand milestone was Gracecale's fund adding more of its tokens.

• Jason Calacanis told his followers on Tuesday to sell Bitcoin and move into artificial intelligence.
• The all-in co-host said he is long Bittensor's Tau, a token tied to a decentralized AI network.
• He called ETF outflows a warning sign, but spot Bitcoin ETFs drew around $110 million on Monday after seeing two days of outflows.

Angel investor Jason Calacanis, an early investor in Uber (UBER) and Robinhood (HOOD), told his followers to sell Bitcoin (BTC) and invest in artificial intelligence on Tuesday, but said he was long Bittensor (TAO).

Bitcoin's rough stretch was just getting started, the All-In podcast co-host wrote on X. "A brutal year for Bitcoin is just getting started," he wrote. 

Calacanis said Bitcoin could revisit its 2026 low within a year. "We will test the 57k low again in the next 12 months," he wrote. He also said Bitcoin "will never break its all-time high again." 

Calacanis Makes Case For AI

His argument is that money works best where it grows fastest. Calacanis said there are plenty of faster-growing places for investors to put capital today. He said Bitcoin was a "dead network that offers nothing beyond a store of value".