Calacanis Says Sell Bitcoin for AI, Calls $57,000 Target
Investor Jason Calacanis, who urged an AI pivot back in 2023, is now telling people to sell bitcoin and buy artificial intelligence, while holding TAO himself.
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Key takeaways
- Jason Calacanis is urging investors to sell bitcoin and back AI instead.
- His headline bitcoin price target is $57,000.
- He personally holds TAO, the token behind the Bittensor AI network.
- The source material gives no detailed reasoning or timeline for the call.
Jason Calacanis wants you to dump bitcoin and shove the money into artificial intelligence. His bitcoin target: $57,000.
CoinDesk reported the call on October 27, 2026. Calacanis is the same investor who pushed an AI pivot back in 2023, so he's waving a track record of sorts. Keep that in mind.
He's not just talking about AI stocks
Don't read this as "get out of crypto." Calacanis holds TAO, the token that runs Bittensor, an AI network. The actual message is "swap bitcoin for crypto tied to AI."
Notice the detail. He owns a piece of the trade he's recommending. Convenient.
What we don't know
What we've got is the headline call and his TAO position. That's it. Nothing on his timeline for $57,000, and nothing on the full case for why bitcoin falls. So treat it as an opinion, not a forecast with a model behind it.
Why it matters
Rotation calls like this show up whenever a new theme heats up, and they tend to drag attention toward smaller tokens. If you hold bitcoin, one investor's target shouldn't drive your decision. If you're tempted by TAO, remember the person pitching it owns it. Ask what would make him wrong. He hasn't told us.
Source: CoinDesk
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