Investor who called for AI pivot in 2023 says bitcoin is going to $57,000

Prominent tech investor Jason Calacanis, who famously called for an artificial intelligence pivot in 2023, has issued a bearish warning for Bitcoin. Calacanis forecasts that the leading cryptocurrency is heading toward a significant correction down to the $57,000 level. He strongly encourages investors to exit their Bitcoin positions and reallocate capital directly into the rapidly expanding artificial intelligence sector. Furthermore, Calacanis revealed personal exposure to TAO, the native cryptocurrency powering the decentralized AI network Bittensor. This perspective underscores a growing narrative among tech-focused venture capitalists that capital is abandoning legacy digital assets for applied AI tech. Traditional crypto maximalists, however, strongly dispute these claims, maintaining that Bitcoin remains a superior long-term store of value.