Jason Calacanis tells Bitcoin holders to sell, calls BTC a 'dead network'
In brief
- Jason Calacanis told Bitcoin holders to sell and put the money into AI, per Crypto Briefing.
- Bitcoin is a "dead network" that could fall to $57,000 within 12 months, Calacanis said.
- Continued outflows from Bitcoin exchange-traded funds underpin that target, he said.
- TAO, the native token of Bittensor, remains among his holdings, he said.
The case against Bitcoin
Calacanis didn't stop at a price target. He said he believes Bitcoin will never again reach its all-time high, and he tied the $57,000 call to continued outflows from Bitcoin exchange-traded funds.
So why AI? In his view (as Crypto Briefing summarized it), Bitcoin's role as a store of value is now dwarfed by the opportunity in AI and what he called "super intelligence." He argued that higher value creation in those sectors explains why capital is moving away from Bitcoin.
He called Bitcoin a “dead network”
The label is blunter than the claim behind it. Crypto Briefing said Calacanis used "dead network" to describe an asset with diminished vitality, not to argue that the network has stopped working.
Where he says the money goes instead
Calacanis said he remains invested in TAO, the native token of Bittensor. Bittensor is a network that pays participants for supplying computing power, storage and other services used to build AI; contributors provide those raw resources and the network rewards them in TAO.
It isn't a new theme for him. In 2023, Calacanis told crypto founders to pivot toward artificial intelligence, according to Crypto Briefing's account.
How the call stacks up
The ETF argument cuts both ways. Crypto Briefing reported that spot Bitcoin ETF flows have moved in both directions, and that his comments reportedly landed alongside a $110 million inflow into those products.
The $57,000 figure isn't a new low, either. It's a level Bitcoin already touched in 2026, which the outlet framed as a retest scenario rather than a fresh breakdown in price.
Crypto Briefing described the prediction as one investor's opinion, delivered on social media, with a 12-month window and a specific number.
Frequently asked questions
What did Jason Calacanis mean by calling Bitcoin a "dead network"?
According to Crypto Briefing, Calacanis used the label to describe Bitcoin as an asset with diminished vitality. He wasn't claiming the network had stopped working. He also said he believes Bitcoin will never again reach its all-time high.
Why does Calacanis think Bitcoin could fall to $57,000?
Calacanis tied his $57,000 target to continued outflows from Bitcoin exchange-traded funds. Crypto Briefing noted that $57,000 is a level Bitcoin already touched in 2026, which makes the call a retest scenario. The outlet also reported that his comments came alongside a $110 million inflow into spot Bitcoin ETFs.
What is Bittensor and how does TAO fit in?
Bittensor is a network that pays participants for supplying computing power, storage and other services used to build AI. Contributors provide those resources and are rewarded in TAO, the network's native token. Calacanis said he remains invested in TAO.
