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BTC Vs. TAO: Jason Calacanis Says Bitcoin Will Never Hit New Highs, Backs Bittensor Instead

Grade Bbearish AI signal$BTC$TAO
Angel investor Jason Calacanis predicts Bitcoin will never reach a new all-time high, urging investors to sell BTC and shift capital toward AI while backing Bittensor (TAO). His bearish outlook comes amid a 9% year-to-date decline for BTC, while TAO has gained over 12% and spot Bitcoin ETFs recently recorded both significant outflows and renewed inflows. Continued capital rotation toward AI-focused crypto projects could pressure BTC sentiment, though renewed ETF inflows may temper the bearish outlook.

Bullish strength: 28/100

  • U.S. spot Bitcoin ETFs attracted $110.34 million on Monday, ending two consecutive sessions of outflows.
  • TAO has gained over 12% year-to-date, outperforming BTC, which is down over 9%.

Bearish strength: 72/100

  • Jason Calacanis predicts BTC will never reach another all-time high and could retest its 2026 low within 12 months.
  • U.S. spot Bitcoin ETFs recorded $635.6 million in net outflows on October 22, their largest single-day withdrawal since June 25.
  • Bitcoin retail sentiment remains bearish, with message volume rising over 28% in a week.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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