Silicon Valley investor Jason Calacanis warns Bitcoin could fall to $57,000 within 12 months

Jason Calacanis, who accurately predicted the AI boom, warns that Bitcoin will drop to $57,000 within 12 months, nearly 29% below its current price of $79,774. He argues Bitcoin is a "dead network" losing investor interest to AI, citing a 37% decline from its October 2025 peak and $773 million in losses for spot Bitcoin ETFs on October 22-23. However, Bitcoin remains correlated with technology stocks, with a 90-day correlation of 0.38 to the Nasdaq through October 25.