Calacanis tells investors to dump bitcoin, sees $57,000 within a year
- —Calacanis sees bitcoin at $57,000, about 28% below the roughly $79,600 level
- —Bitcoin ETFs lost about $774 million across Thursday and Friday, he noted
- —He remains long TAO, arguing tokens that pay for AI work have a future
- —He said bitcoin has "lost the crowd" and will not reach a new high
Why it matters: The call highlights capital rotating from bitcoin into AI assets as ETF outflows and weak price action weigh on sentiment.
Source: CoinDesk