Jason Calacanis: Recommends selling Bitcoin, predicts it will fall to $57,000 within a year.

Technology investor Jason Calacanis, speaking on the X platform, urged investors to sell Bitcoin and shift their focus to artificial intelligence, predicting that BTC would fall to $57,000 within 12 months. BTC was trading at approximately $79,600 that day, making the target price about 28% lower. He stated that Bitcoin has lost its appeal, citing the outflow of approximately $774 million from the Bitcoin ETF over Thursday and Friday of last week, followed by a $110 million inflow on Monday, as a sign of weakening demand. He also disclosed his long position in Bittensor's TAO token.