Jason Calacanis: Calls for selling Bitcoin and moving into super intelligence
American angel investor and All-In podcast co-host Jason Calacanis posted on X on October 27, 2026, calling on followers to sell Bitcoin and shift to artificial intelligence (he used the term “Super Intelligence”). He wrote that “A brutal year for Bitcoin is just getting started.” and made three predictions: outflows from Bitcoin ETFs will continue; the price will again test the $57,000 low within the next 12 months; and Bitcoin will never again break its all-time high.
Calacanis said in the post that people should just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity. He described Bitcoin as a dead network that offers nothing beyond a store of value, and said that while holding Bitcoin once brought social pressure, ignoring it now is completely reasonable, even smarter, because memes and NFTs are gone, while AI has changed the world. About 22 minutes after posting, he replied that he was long Bittensor token TAO and liked the network for focusing on scaling AI.
This view is his personal forecast and asset-allocation advice. Reporting showed that Bitcoin was then trading around $79,600, having fallen significantly from its all-time high of about $126,000 in October 2025; U.S. spot Bitcoin ETF flows this month have been both positive and negative. Calacanis previously suggested in 2023 that crypto founders pivot to AI, and he has long been skeptical of Bitcoin.
Original sources:
Title: A brutal year for Bitcoin is just getting started... Publisher: Jason Calacanis (X / @Jason) Date: 2026-10-27 URL: https://x.com/Jason/status/2114956980674605075 Source type: original post by the person involved Verification status: full post content read for this report Supporting content: the three predictions, the original wording calling for selling and shifting to Super Intelligence, and the description of Bitcoin
Title: Jason Calacanis Predicts a 'Brutal Year' for Bitcoin, Urges Holders to Shift to AI Publisher: Unchained Date: 2026-10-27 URL: https://unchainedcrypto.com/jason-calacanis-predicts-a-brutal-year-for-bitcoin-urges-holders-to-shift-to-ai/ Source type: media report Verification status: full article read Supporting content: event overview, the reply about holding TAO, Bitcoin price background, and Calacanis’s historical views
Title: Investor who called for AI pivot in 2023 says bitcoin is going to $57,000 Publisher: CoinDesk (via cryptonews.net) Date: 2026-10-27 URL: related CoinDesk article repost Source type: media report Verification status: abstract and quotations read Supporting content: price level, background of the 2023 pivot-to-AI suggestion
ABAB AI Insight
Jason Calacanis is an angel investor in early Uber, Robinhood and other companies, and a co-host of the All-In podcast. In 2023, he publicly suggested that crypto founders pivot to AI; this time, he extended the target from founders to Bitcoin holders and gave a specific price target. He has long been skeptical of Bitcoin, estimating in 2018 that it had a 60%-70% chance of going to zero (when the price was around $3,700), and he has recently also questioned whether it can make new highs or reach a higher valuation.
On capital-allocation, he explicitly treats Bitcoin as a network that is almost useless beyond store of value and argues for moving funds into what he calls Super Intelligence. Shortly after posting, he disclosed that he was long Bittensor (TAO), a decentralized network that rewards provision of computing, storage and AI-related services. This is not the same as fully exiting crypto: he retains exposure to AI-related crypto assets while being bearish on Bitcoin itself. Reporting noted that U.S. spot Bitcoin ETF flows this month were mixed, with both large outflows and inflows, rather than a one-way sustained outflow.
In comparison with Bitcoin advocates such as Michael Saylor, Saylor has said that AI creates abundance while Bitcoin enforces scarcity, and that the two are complementary. The similarity is that both recognize AI’s potential to create value; the difference is that Calacanis sees Bitcoin’s store of value only function as a disadvantage and predicts that its price will not reach new highs again. Historically, his 2023 suggestion that founders pivot to AI coincided in time with gains in some tech stocks such as Nvidia, but this latest sell recommendation aimed at existing asset holders is a forecast, not a transaction result that has already occurred.
For Bitcoin holders, this is a public bearish forecast from an influential tech investor, emphasizing a possible reallocation of capital from the store of value narrative toward AI utility value. For AI-related sectors, it reinforces the narrative that some capital is shifting from traditional crypto to opportunities tied to computing and models. The conditions relevant to this forecast include ETF flows, institutional demand and the macro environment; indicators to watch include the net inflow or outflow size of U.S. spot Bitcoin ETFs in the coming months, and whether Bitcoin comes close to or tests the $57,000 range.
ABAB News · Cognitive Law
Moving from advising founders to pivot to AI to advising holders to sell Bitcoin is an extension of the same capital-reallocation logic to different targets.
Being long AI-related tokens while bearish on Bitcoin does not mean fully exiting crypto, but rather switching exposure within crypto.