Key Takeaways
- • Silicon Valley investor Jason Calacanis predicted on Tuesday that Bitcoin will fall to $57,000 within 12 months, roughly 29% below its $79,774 price at the time of the call, and said Bitcoin will never reach another all-time high.
- • Bitcoin has fallen roughly 37% from its October 2025 peak near $126,200, and US spot Bitcoin ETFs lost approximately $773 million on October 22-23, according to the article.
- • Glassnode estimates US spot Bitcoin ETFs bought in at an average price near $81,500, leaving holders under pressure at current levels, though ETF inflows recovered about $110 million on October 26.
- • Over the past year semiconductor stocks gained roughly 62% while Bitcoin lost 30%, but the 90-day correlation between Bitcoin and the Nasdaq was 0.38 through October 25, so both can fall in risk-off periods.
- • Galaxy Digital's Alex Thorn believes Bitcoin bottomed in June and could recover toward $125,000; Calacanis's bearish case would be weakened if Bitcoin stays below roughly $76,540.
Summary
Jason Calacanis, the prominent Silicon Valley investor and co-host of the All-In podcast, has called for investors to sell Bitcoin ahead of a further decline, according to a BeInCrypto report dated October 27, 2026. Calacanis predicted on Tuesday that Bitcoin would fall to $57,000 within 12 months, nearly 29% below its $79,774 price at the time, and wrote that "a brutal year for Bitcoin is just getting started." He went further, claiming Bitcoin would never reach another all-time high and describing the asset as a "dead network." He urged investors to "just sell and shift from Bitcoin to Super Intelligence."
Calacanis brings a track record of early technology calls. He backed Uber and Robinhood before they became household names, and his June 2023 advice to "pivot to AI" proved well-timed. According to the article, a $10,000 investment in Nvidia on that date would now be worth approximately $56,100, compared with about $30,100 for Bitcoin. The article notes that semiconductor stocks broadly performed similarly to Bitcoin over that period, and that Calacanis had also recommended buying Bitcoin directly in September 2025. His own AI-linked crypto holding, Bittensor (TAO), has fallen approximately 40% over the past year.
The market backdrop cuts both ways. Bitcoin has fallen roughly 37% from its October 2025 peak near $126,200. US spot Bitcoin ETFs lost approximately $773 million on October 22-23, and Glassnode estimates these funds bought their holdings at an average price near $81,500, leaving them under pressure at current levels. However, ETF inflows recovered by approximately $110 million on October 26, and the article says the data has yet to establish sustained institutional selling.
On correlation, Bitcoin remains positively correlated with technology stocks; its 90-day correlation with the Nasdaq stood at 0.38 through October 25, suggesting both can fall when investors retreat from risk. Over the past year semiconductor stocks gained roughly 62% while Bitcoin lost 30%. Galaxy Digital's Alex Thorn, by contrast, believes Bitcoin bottomed in June and could recover toward $125,000 as long-term selling eases. The article notes that Thorn's bullish outlook would weaken if Bitcoin remained below roughly $76,540, making the coming weeks a key test of Calacanis's crash call.
Calacanis brings a track record of early technology calls. He backed Uber and Robinhood before they became household names, and his June 2023 advice to "pivot to AI" proved well-timed. According to the article, a $10,000 investment in Nvidia on that date would now be worth approximately $56,100, compared with about $30,100 for Bitcoin. The article notes that semiconductor stocks broadly performed similarly to Bitcoin over that period, and that Calacanis had also recommended buying Bitcoin directly in September 2025. His own AI-linked crypto holding, Bittensor (TAO), has fallen approximately 40% over the past year.
The market backdrop cuts both ways. Bitcoin has fallen roughly 37% from its October 2025 peak near $126,200. US spot Bitcoin ETFs lost approximately $773 million on October 22-23, and Glassnode estimates these funds bought their holdings at an average price near $81,500, leaving them under pressure at current levels. However, ETF inflows recovered by approximately $110 million on October 26, and the article says the data has yet to establish sustained institutional selling.
On correlation, Bitcoin remains positively correlated with technology stocks; its 90-day correlation with the Nasdaq stood at 0.38 through October 25, suggesting both can fall when investors retreat from risk. Over the past year semiconductor stocks gained roughly 62% while Bitcoin lost 30%. Galaxy Digital's Alex Thorn, by contrast, believes Bitcoin bottomed in June and could recover toward $125,000 as long-term selling eases. The article notes that Thorn's bullish outlook would weaken if Bitcoin remained below roughly $76,540, making the coming weeks a key test of Calacanis's crash call.
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