Jason Calacanis tells investors to sell Bitcoin, predicts a slide to $57,000

The angel investor called Bitcoin a dead network and said he is still holding Bittensor's TAO token as his AI bet Jason Calacanis has a portfolio suggestion for Bitcoin holders: sell, and put the money into artificial intelligence. The angel investor made the case in a post on X on October 27, 2026. He called Bitcoin a “dead network” and said it could fall back to its 2026 low of $57,000 within the next 12 months. He went further than a short-term bearish call. Calacanis said he believes Bitcoin will never again reach its all-time high. The argument has two parts: a price forecast and a capital allocation thesis. On price, Calacanis tied his $57,000 target to continued outflows from Bitcoin exchange-traded funds.

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