Venture investor Jason Calacanis predicted Bitcoin would return to $57,000 over the next 12 months and said it would never set another all-time high. These were his forecasts, not measured outcomes. He said a prolonged downturn was only beginning and cited outflows from spot Bitcoin exchange-traded funds as a sign of weakening investor interest.
Calacanis urged investors to focus on artificial intelligence, but said he holds Bittensor’s TAO token, a crypto asset tied to decentralized AI infrastructure. Galaxy Digital experts had previously said Bitcoin’s bear cycle had ended.
