Investor who called for AI pivot in 2023 says bitcoin is going to $57,000

Jason Calacanis told crypto founders to pivot to artificial intelligence in 2023. Now he wants bitcoin BTC $84,459.46 holders to move their money there too. The technology investor and podcast host urged followers to sell bitcoin on Tuesday, predicting it would revisit $57,000 within the next 12 months and never reach another record high. That’s about 28% below where bitcoin traded on Tuesday, near $79,600, according to CoinDesk data. “Why put your resources into a dead network that offers nothing beyond a store of value?” he wrote on X. He said bitcoin had “lost the crowd” that once made owning it feel compulsory. Investors could now ignore it without being mocked, while AI offered more useful places to put their money.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinDesk.