Investor Who Called the AI Boom Predicts a Bitcoin Crash

Three years ago, Jason Calacanis told crypto founders to abandon their industry for AI stocks. Now, the prominent Silicon Valley investor has another warning: sell Bitcoin before it crashes again. Calacanis predicted on Tuesday that Bitcoin would fall to $57,000 within 12 months, nearly 29% below its $79,774 price at the time. He went further, claiming Bitcoin would never reach another all-time high. “A brutal year for Bitcoin is just getting started,” he wrote. His AI Prediction Was Spot On Calacanis has a reputation for spotting technology trends early. He backed Uber and Robinhood before they became household names and co-hosts the influential All-In podcast. His June 2023 advice to “pivot to AI” proved well-timed. An investment of $10,000 in Nvidia that day would now be worth approximately $56,100.

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