Investor Jason Calacanis urged followers to sell bitcoin and shift into artificial intelligence, predicting a "brutal year" with prices retesting the $57,000 low, according to Yahoo Finance. He said he is long Bittensor, a decentralized AI network whose token trades as TAO.
The DeAI angle: Calacanis's comments reflect a this-versus-that dynamic that many investors take on AI and Bitcoin – that asset prices for the two technologies might move in opposite directions, forcing traders to choose between them based on the market cycle. Whereas decentralized AI projects like Bittensor might have their own trajectory.