Investor Who Called the AI Boom Predicts a Bitcoin Crash
Three years in the past, Jason Calacanis instructed crypto founders to desert their trade for AI shares. Now, the outstanding Silicon Valley investor has one other warning: promote Bitcoin earlier than it crashes once more.
Calacanis predicted on Tuesday that Bitcoin would fall to $57,000 inside 12 months, practically 29% beneath its $79,774 value at the time.
He went additional, claiming Bitcoin would by no means attain one other all-time high.
“A brutal 12 months for Bitcoin is simply getting began,” he wrote.
His AI Prediction Was Spot On
Calacanis has a popularity for recognizing know-how tendencies early. He backed Uber and Robinhood earlier than they grew to become family names and co-hosts the influential All-In podcast.
His June 2023 advice to “pivot to AI” proved well-timed.
An funding of $10,000 in Nvidia that day would now be value roughly $56,100. Bitcoin would have returned round $30,100.
Yet his report deserves context. Semiconductor shares broadly carried out equally to Bitcoin over that interval. Calacanis additionally recommended buying Bitcoin directly in September 2025.
Does the Market Support His $57,000 Warning?
Calacanis believes Bitcoin is shedding investor curiosity whereas AI affords larger financial worth.
“Just promote and shift from Bitcoin to Super Intelligence,” he argued, describing Bitcoin as a “lifeless community.”
There are causes for concern. Bitcoin has fallen roughly 37% from its October 2025 peak close to $126,200.
US spot Bitcoin ETFs additionally misplaced roughly $773 million on October 22–23.
Glassnode estimates that these funds bought their holdings at a mean value close to $81,500, leaving them underneath strain at present ranges.
However, ETF inflows recovered by roughly $110 million on October 26. The information has but to determine sustained institutional promoting.
Are AI Stocks Replacing Bitcoin?
The efficiency hole is placing. Over the previous 12 months, semiconductor shares gained roughly 62% whereas Bitcoin misplaced 30%.
Yet Bitcoin stays positively correlated with know-how shares. Its 90-day correlation with the Nasdaq stood at 0.38 by October 25, suggesting each can fall when buyers retreat from threat.
Even Calacanis’s personal AI-linked cryptocurrency funding, Bittensor (TAO), has fallen roughly 40% over the previous 12 months.
Meanwhile, Galaxy Digital’s Alex Thorn believes Bitcoin bottomed in June and will get better towards $125,000 as long-term promoting eases.
His bullish outlook would weaken if Bitcoin stayed beneath roughly $76,540. That makes the coming weeks vital for judging whether or not Calacanis’s crash prediction has substance.
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