Investor Jason Calacanis calls for selling Bitcoin to pivot to AI, predicting the price will drop to $57,000.

on October 27, citing CoinDesk, that tech investor and podcast host Jason Calacanis urged investors to sell Bitcoin and shift to artificial intelligence on X this Tuesday. He predicted that Bitcoin will retest its low of $57,000 within the next 12 months and will not hit a new all-time high. This level is approximately 28% lower than Tuesday's price of around $79,600. He believes Bitcoin has "lost its crowd" and lacks utility beyond serving as a store of value. Citing ETF outflows, he stated that this trend will continue.