Jason Calacanis urges shift from Bitcoin to AI, predicts BTC will not top all time high

Jason Calacanis, an early Uber investor and co-host of the All-In podcast, called on his social media followers to sell their bitcoin holdings and invest in artificial intelligence instead. Posting on X on Tuesday, Calacanis argued that “a brutal year for Bitcoin is just getting started.” Calacanis presented three specific predictions in his statement. First, he anticipated a continuation of outflows from bitcoin exchange-traded funds. Second, he forecasted that bitcoin’s price would again test the $57,000 low within the next 12 months. Third, he said he did not expect the cryptocurrency to surpass its previous all-time high again.

Also reported by Unchained.

Source: CoinTurk News