Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
A brutal year is beginning for Bitcoin, U.S. Silicon Valley angel investor Jason Calacanis said on X, arguing spot ETF net outflows are only a signal and will continue. Calacanis said BTC will retest its $57,000 low within the next year, citing more opportunities to invest in assets he sees as creating greater value, Bitcoin’s network offering little beyond a store of value, and the disappearance of people, memes, and NFTs that once persuaded others to buy BTC.
Calacanis added nobody now says BTC can change the world because it cannot, and argued AI has done that instead. He urged investors to sell BTC immediately and switch to AI, saying BTC creates little or no value while AI offers unlimited potential for humanity, and predicted Bitcoin will never break its all-time high again.
Calacanis also questioned Bitcoin’s price in April and July. He is known as an early investor in Uber and Robinhood and has more than 1.8 million followers on X.