Jason Calacanis Warns of Bitcoin Drop to $57,000
The Silicon Valley investor points to weak ETF flows and calls Bitcoin a “dead network,” while the market stays split on whether it will recover or keep falling.
Key Takeaways
- Jason Calacanis expects Bitcoin could fall to $57,000 within 12 months and sees no new all-time high ahead.
- He called Bitcoin a “dead network” and urged investors to sell and move into “Super Intelligence.”
- The market remains split: Bitcoin fell sharply, while spot Bitcoin ETFs recently showed both outflows and a rebound in inflows.
Jason Calacanis has once again put the crypto market on edge with a gloomy forecast for Bitcoin. The Silicon Valley investor said Tuesday that the price could fall to $57,000 (€50,900) within 12 months, nearly 29% below the then-current price of $79,774 (€71,300). According to him, Bitcoin will not even set a new all-time high again.
New Warning for Bitcoin
Calacanis is no stranger to the tech world. He was an early backer of companies like Uber and Robinhood and is a co-host of the influential All-In podcast. His earlier advice in June 2023 to pivot to AI turned out to be well timed, although that is no proof that his Bitcoin call will come true now too.
He wrote that a “brutal year for Bitcoin” has just begun and urged investors to sell Bitcoin and move into “Super Intelligence.” In his words, Bitcoin is a “dead network.” That is a strong statement, but the market does show that the coin has pulled back sharply over the past few months.
Market Remains Split
Bitcoin is trading about 37% below its October 2025 peak, when the price nearly touched $126,200 (€112,800). The broader crypto market also faced heavy swings this year, while spot Bitcoin ETFs in the United States saw about $773 million (€691 million) in outflows combined on October 22 and 23. Glassnode estimates that those funds built their positions at an average price of around $81,500 (€72,800), which adds pressure to current prices.
At the same time, inflows into those ETFs recovered again on October 26 with about $110 million (€98.3 million). That shows institutional demand has not fully disappeared. The market is therefore still split between those expecting more weakness and investors who see room for a rebound.
Why This Matters
The debate around Bitcoin is not just about a price target, but also about how much support the coin still gets from professional investors. Over the past few years, ETF flows have taken on a bigger role in Bitcoin sentiment, which is why a few days of heavy outflows or inflows can draw a lot of attention right away. For European crypto followers, this matters especially because signals like these often quickly feed into broader market sentiment, even outside the United States. Technical support around the 50-week average also remains an important gauge for traders trying to figure out whether the recent weakness will continue or start to fade.
