Key Takeaways
- • Angel investor Jason Calacanis advised Bitcoin holders to sell, predicting BTC could fall back to $57,000 within the next year and may never reach its all-time high again.
- • Calacanis described Bitcoin as a "dead network" citing declining ETF inflows, and favors AI as a growth sector over crypto as a store of value.
- • Calacanis highlighted Bittensor's TAO token, which supports AI infrastructure, as a preferred alternative; TAO has a market cap of about Rp52.2 trillion per Pluang.
- • Pluang data as of Oct 27, 2026 shows Bitcoin's price down 0.20% on the day, with a 24-hour volume of about Rp463.92 trillion.
Summary
Angel investor Jason Calacanis has advised Bitcoin holders to sell their holdings, forecasting that the price could decline to $57,000 within the next year and stating that Bitcoin may never reach its all-time high again, according to a Pluang report. Calacanis characterized Bitcoin as a "dead network" on the basis of declining spot ETF inflows, and argued that capital is better deployed in artificial intelligence.
His preferred vehicle is Bittensor's TAO token, which supports AI infrastructure. Pluang reports TAO's market cap at Rp52.2 trillion with a 24-hour volume of Rp2.15 trillion, and notes strong buy interest, with buy orders at 95% of order activity. The report also cites average hold times of 112 days for Bitcoin and 44 days for TAO on the platform, which Pluang presents as evidence of differing investor behavior.
The call reflects a broader shift in Calacanis's framing from crypto as a store of value toward AI as a growth sector. The article notes that Bitcoin ETF flows have been mixed, and it points to Bitcoin's price and ETF flows, along with AI-linked tokens, as indicators to watch. Pluang's market data put Bitcoin's price at Rp1,446,532,184 as of 18:21 WIB on Oct 27, 2026, with a market cap of Rp29.03 quadrillion, a figure reported in the source's own local-currency units.
His preferred vehicle is Bittensor's TAO token, which supports AI infrastructure. Pluang reports TAO's market cap at Rp52.2 trillion with a 24-hour volume of Rp2.15 trillion, and notes strong buy interest, with buy orders at 95% of order activity. The report also cites average hold times of 112 days for Bitcoin and 44 days for TAO on the platform, which Pluang presents as evidence of differing investor behavior.
The call reflects a broader shift in Calacanis's framing from crypto as a store of value toward AI as a growth sector. The article notes that Bitcoin ETF flows have been mixed, and it points to Bitcoin's price and ETF flows, along with AI-linked tokens, as indicators to watch. Pluang's market data put Bitcoin's price at Rp1,446,532,184 as of 18:21 WIB on Oct 27, 2026, with a market cap of Rp29.03 quadrillion, a figure reported in the source's own local-currency units.
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