Calacanis calls Bitcoin “dead network,” advises selling

Venture capitalist Jason Calacanis has made a strong statement regarding Bitcoin , describing it as a “dead network” that offers no use beyond being a store of value, and advising people to sell it. This remark, coming from a prominent figure in the tech and investment community, has the potential to influence market perceptions and sentiment around Bitcoin. Calacanis’s comments may contribute to a decrease in confidence among market participants who are closely watching Bitcoin’s price activity and future prospects. The current market odds for Bitcoin reaching $200,000 by the end of 2026 remain low, with sub-market predictions reflecting minimal confidence, ranging from 0.9% to 5.5% for various price points.

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