Jason Calacanis Encourages Investors to Shift Focus from Bitcoin to AI

Noted angel investor Jason Calacanis has delivered a stark warning regarding Bitcoin, urging followers to divest their holdings and invest in artificial intelligence instead. In his recent post on X, Calacanis stated, “A brutal year for Bitcoin is just getting started,” prompting his audience to reconsider their financial strategies.

Reasons for Caution on Bitcoin

Calacanis, well-known as a co-host of the All-In Podcast, predicts that Bitcoin may revisit its low of $57,000 within the next year. He cites the ongoing outflows from Bitcoin exchange-traded funds (ETFs) as a critical indicator of a struggling market. This situation leads him to question the merit of investing in a cryptocurrency that appears to be on a downward trajectory.

“Why put your resources into a dead network that offers nothing beyond a store of value? What’s the point of putting Bitcoin in your portfolio if its Ponzi-scheme nature has evaporated?” he wrote, expressing his skepticism.

Calacanis emphasizes that there are presently more favorable investment opportunities, particularly in sectors poised for growth. He pointed to the waning hype surrounding Bitcoin, stating that “the memes and NFTs are gone,” and issued a strong call to action: “sell and shift from Bitcoin to Super Intelligence.” He added his belief that Bitcoin will not reach its previous all-time high again.

“No one is saying $BTC can change the world, because it won’t — and BECAUSE AI HAS! Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity,” Calacanis further elaborated.

As of now, Bitcoin is trading near $80,000, which is about 37% lower than its record peak of $126,198 recorded in October 2025.

The Investor Landscape

Calacanis’s critical stance on Bitcoin is not new. He has voiced his concerns for several months, previously describing Bitcoin as “a boring store of value” and indicating that its appeal is waning. On September 19, he remarked that “the dead cat continues to bounce,” a metaphor implying that the cryptocurrency’s transient increases are not indicative of a strong recovery.

This viewpoint has elicited responses from other prominent figures in the investment community. For instance, Michael Saylor, a strategy expert, countered Calacanis’s claims by highlighting that “preserving wealth across generations is a bigger ambition than entertaining a dinner party.” Similarly, Cathie Wood, CEO of Ark Invest, defended Bitcoin, asserting, “Bitcoin is not a dead cat, Jason! It has many lives ahead.”

Market Dynamics and ETF Activity

The investment community is observing mixed signals from Bitcoin funds. Recent reports indicate that Bitcoin ETFs experienced outflows totaling approximately $278 million in the first half of October. However, certain days saw substantial inflows, suggesting a volatile market landscape that could hold various opportunities for investors.

Conclusion

As the investment community grapples with the implications of Calacanis’s assertions, the debate over Bitcoin’s viability and future remains a focal point. Shifts in investor interest toward emerging technologies like artificial intelligence may reshape the financial landscape as stakeholders seek avenues for growth and stability.

This article was originally published by TheStreet on October 27, 2026, where it first appeared in the MARKETS section.