Investor Jason Calacanis forecast on October 27, 2026, that the Bitcoin price would fall to $57,000 within 12 months and never reach another all-time high. Bitcoin traded at $79,750 when he posted, making his forecast a roughly 28% decline from that level.

Key Takeaways

  • Calacanis cited ETF withdrawals and urged holders to shift toward artificial intelligence.
  • US spot Bitcoin ETFs took in $110.34 million on October 26 after two sessions of outflows.
  • Calacanis disclosed that he held TAO, a token associated with the Bittensor AI network.

Bitcoin price forecast and the AI argument

In a post on X, Calacanis said he expected Bitcoin ETF outflows to continue and argued that investors had more productive alternatives. He urged followers to sell Bitcoin and shift toward AI, adding that Bitcoin would never surpass its all-time high again.

He described $57,000 as a level Bitcoin would test again. The forecast is his opinion, not a confirmed future price.

Calacanis made a similar appeal to crypto founders in 2023, urging them to build AI companies instead. In a reply to his latest post, he disclosed that he was long TAO and praised Bittensor’s focus on scaling AI.

Recent ETF flows present a mixed picture

US spot Bitcoin ETFs recorded outflows of $635.49 million on October 22 and $137.94 million on October 23. They then attracted $110.34 million on October 26, the last session before Calacanis posted.

Across the six sessions beginning October 19, the funds recorded a net inflow of $415.07 million, based on SoSoValue data. The recent withdrawals therefore sit within a period of overall net buying, although that does not establish what future flows will be.

Galaxy Research takes the opposite view

Earlier on October 27, Galaxy Research argued that Bitcoin’s bear market had ended in June, citing slower selling by long-term holders and ETF purchases. It said a weekly close below $76,540 would break its thesis.

Bitcoin was down 30.65% over the preceding 12 months at the $79,750 price cited when Calacanis posted.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.