Famous Investor Jason Calacanis Says Bitcoin Will Never Hit New All-Time High, Backs Bittensor (TAO)

1 hour ago 2 sources negative

Key takeaways:

  • Calacanis’s BTC bearishness highlights sentiment risk, but a single VC call cannot dictate market direction.
  • TAO long signals AI-crypto rotation; watch TAO relative strength versus BTC for narrative confirmation.
  • BTC retesting $57K would test holder conviction, making risk management more important than directional bets.

Jason Calacanis, host of the All-In Podcast and an early investor in Uber and Robinhood, has said that Bitcoin will never surpass its previous all-time high. He argued that BTC could retest the $57,000 low seen in 2026 within the next 12 months.

Calacanis framed Bitcoin as being at the start of a challenging period and said its main limitation is being primarily a store of value rather than an economically productive asset. He contended that future technological growth is shifting toward artificial intelligence, and investors should consider areas beyond BTC.

Despite his bearish outlook on Bitcoin, Calacanis said he remains active in crypto and holds a long position in Bittensor (TAO), citing the project’s approach to scaling artificial intelligence. His remarks were shared as commentary, not investment advice.

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