Jason Calacanis Says Bitcoin May Never Return to Its Record High
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Technology investor Jason Calacanis predicts bitcoin could fall to $57,000 and argues that AI is drawing capital away from the cryptocurrency.
Technology investor Jason Calacanis said Tuesday that bitcoin would not regain its all-time price high, according to Bitcoin.com News.
Calacanis urged holders to sell, warning of a possible drop to $57,000. The report described that target as roughly 28% below the price used in its comparison.
He linked his bearish outlook to artificial intelligence attracting investment capital. His comments represent a forecast about bitcoin’s future, rather than an established outcome.
Source: Bitcoin.com News
