BlockchainBitcoinCrypto

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

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 27/10/2026, 11:10:24 UTC.

Briefings

Jason Calacanis, a prominent venture capitalist, advises investors to shift capital from Bitcoin to AI technology, specifically by holding TAO, the cryptocurrency powering Bittensor. This recommendation emerged in late 2023 as a strategic pivot away from traditional digital assets toward AI infrastructure. The source material does not provide specific price targets, historical data, or future predictions, leaving the actual market impact and long-term viability of this strategy unverified.

Key points

• Jason Calacanis advises investors to sell Bitcoin and allocate funds to AI technology, specifically by holding TAO, the cryptocurrency powering Bittensor.

Context

Jason Calacanis is a well-known venture capitalist and author who has publicly advocated for shifting investment portfolios toward AI infrastructure. His recommendation to hold TAO, the network behind Bittensor, suggests a strategic move away from Bitcoin toward AI-driven assets. This stance reflects a broader trend in the venture capital community to prioritize AI development over traditional cryptocurrency investments.

Limitations

The provided evidence is limited to Calacanis's public recommendation to hold TAO and does not include specific price targets, historical data, or future predictions. The source does not confirm the actual market impact of this strategy, nor does it provide details on the performance of TAO or Bittensor.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 27/10/2026, 13:01:29 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeifnnk6m5ioan5sksz5mh4fa57s36ndkdpnkpqnneflpbbwnyglstq