Elon Musk

Bitcoin

Angel investor Jason Calacanis has issued one of his bluntest warnings yet <a href="https://www.thestreet.com/crypto/markets/moodys-sounds-crypto-crash-alarm-why-bitcoin-investors-should-care" rel="noopener noreferrer nofollow">on Bitcoin</a>, telling followers to sell and move their money into artificial intelligence.
<blockquote>
 “A brutal year for Bitcoin is just getting started,” Calacanis wrote <a href="https://x.com/Jason/status/2114956980674605075" rel="noopener noreferrer nofollow">on X</a> on Tuesday. “Give me three minutes to explain why you should dump it now.”
</blockquote>
<h2 id="why-calacanis-is-turning-away">Why Calacanis is turning away</h2>
The All-In podcast co-host predicted Bitcoin “will test the 57k low again in the next 12 months,” pointing to outflows from Bitcoin exchange-traded funds as a warning sign.
His bigger argument is that investors now have better places for their money.&nbsp;
<blockquote>
 “Why put your resources into a dead network that offers nothing beyond a store of value? What's the point of place the BTC be if Bitcoin's Ponzi-scheme nature has gone away!?” he wrote.
</blockquote>
<a href="https://www.thestreet.com/crypto/markets/elon-musk-has-a-bold-answer-to-americas-40-trillion-debt-crisis" rel="noopener noreferrer nofollow">Related: Elon Musk has a bold answer to America’s $40 trillion debt crisis</a>
Calacanis said <a href="https://www.thestreet.com/crypto/markets/bitcoin-and-gold-are-2026s-worst-performing-assets-and-history-offers-no-precedent" rel="noopener noreferrer nofollow">Bitcoin’s hype</a> has faded, adding that “the memes and NFTs are gone.” He urged investors to “sell and shift from Bitcoin to Super Intelligence,” and ended with a stark call: “Bitcoin will never break its all-time high again.”
<blockquote>
 “No one is saying $ BTC can change the world, because it won't — and BECAUSE AI HAS! Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity,” he further added in his post.
</blockquote>
Bitcoin trades near $80,000, about 37% below its October 2025 record of $126,198.
<h2 id="not-his-first-swipe">Not his first swipe</h2>
Calacanis has been bearish for months.&nbsp;
On Sept. 19, he <a href="https://x.com/Jason/status/2101035992002257205" rel="noopener noreferrer nofollow">called</a> Bitcoin “a boring store of value” and said “the dead cat continues to bounce.”
That post drew quick pushback. Strategy’s Michael Saylor replied that “preserving wealth across generations is a bigger ambition than entertaining a dinner party.”
<blockquote class="twitter-tweet">
 Jason, you’ve watched Bitcoin grow since 2011. It’s now a $1.6 trillion success and the world’s most valuable digital asset. Digital Capital is the killer app. Preserving wealth across generations is a bigger ambition than entertaining a dinner party. The orange tie stays.— Michael Saylor (@saylor) <a href="https://x.com/saylor/status/2101079324400963734?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 18, 2026</a>
</blockquote>
Ark Invest CEO Cathie Wood also responded: “Bitcoin is not a dead cat, Jason! It has many lives ahead.”
<blockquote class="twitter-tweet">
 Bitcoin is not a dead cat, <a href="https://x.com/Jason?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Jason</a> ! It has many lives ahead. Check out our latest Bitcoin Brainstorm with <a href="https://x.com/bitcoinpark_?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bitcoinpark_</a> focused on the convergence between AI and Bitcoin. <a href="https://t.co/4i2ZFyUjAx" rel="noopener noreferrer nofollow">https://t.co/4i2ZFyUjAx</a>— Cathie Wood (@CathieDWood) <a href="https://x.com/CathieDWood/status/2101107549814620659?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 19, 2026</a>
</blockquote>
ETF flows also tell a mixed story.&nbsp;
<a href="https://www.thestreet.com/crypto/markets/bitcoin-ai-stocks-and-elon-musk-analyst-makes-3-bold-predictions-investors-cant-ignore" rel="noopener noreferrer nofollow">Bitcoin funds</a> lost about $278 million in the first half of October, but drew strong inflows on several days since.
<h2 id="the-roundtable-100">The Roundtable 100</h2>
If you follow our market coverage, don’t miss the <a href="https://roundtable100.com/tab/rankings" rel="noopener noreferrer nofollow">Roundtable 100</a>. Updated every Friday, it's a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest <a href="https://roundtable100.com/" rel="noopener noreferrer nofollow">RTB 100</a> rankings at <a rel="noopener noreferrer nofollow">roundtable100.com</a>.
<a href="https://www.thestreet.com/crypto/markets/if-you-invested-1000-in-bitcoin-when-trump-took-office-in-2017-vs-2025-heres-how-much-youd-have-made-or-lost" rel="noopener noreferrer nofollow">Related: If you invested $1,000 in Bitcoin when Trump took office in 2017 vs 2025, here's how much you'd have made or lost</a>

'Dump Bitcoin now': Analyst warns Bitcoin may never hit another record

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