Jason Calacanis urges investors to sell bitcoin, predicts price drop to $57,000

Technology investor Jason Calacanis urged investors to sell bitcoin and move into artificial intelligence, predicting the cryptocurrency will fall to $57,000 within a year. He cited waning investor enthusiasm and recent outflows from bitcoin exchange-traded funds as signs of weakening demand. Calacanis remains invested in TAO, the token behind Bittensor, because the network rewards participants for providing computing and storage services used to build AI.