Investor who called for AI pivot in 2023 says bitcoin is going to $57,000
Source: CoinDesk ·
From the source
Jason Calacanis wants investors to sell bitcoin and back artificial intelligence. He is also holding TAO, the cryptocurrency behind AI network Bittensor. Jason Calacanis told crypto founders to pivot to artificial intelligence in 2023. Now he wants bitcoin BTC $84,459.46 holders to move their money there too. The technology investor and podcast host urged followers to sell bitcoin on Tuesday, predicting it would revisit $57,000 within the next 12 months and never reach another record high. That’s about 28% below where bitcoin traded on Tuesday, near $79,600, according to CoinDesk data. “Why put your resources into a dead network that offers nothing beyond a store of value?” he wrote on X. A brutal year for Bitcoin is just getting started. Give me three minutes to explain why you should dump it now. Outflows from ETFs are signal and will continue. We will test the 57k low again in the next 12 months. Why? Because there are far too many dynamic places to… pic.twitter.com/fK8zRNvPU0 He…