Calacanis, Who Told Crypto to Pivot to AI in 2023, Says…
By Tobi Opeyemi Amure
AI summary of the source article
Jason Calacanis urged followers to sell bitcoin, forecasting a drop to $57,000 within 12 months and recommending a shift toward AI assets. Bitcoin traded at $79,750 at the time of his forecast.
Key facts
- Jason Calacanis predicted bitcoin will drop about 28% from $79,750 to $57,000 within 12 months and never set a new all-time high.
- Calacanis disclosed that he is long the AI token TAO, which traded at $248.35.
- US spot bitcoin funds recorded net inflows of $415.07 million across the six sessions leading up to 26 October.
Source excerpt · FinanceFeeds
Jason Calacanis told his followers to sell bitcoin on Tuesday morning, forecasting a fall to $57,000 within a year and no new all-time high ever again. The bitcoin price was $79,750 when he posted, down 0.32% on the session, so the call implies a drop of about 28%. “If you’re in crypto pivot to AI,” he posted in 2023 , telling founders to stop shipping crypto projects and start building AI compani…