Jason Calacanis, the angel investor and early backer of Uber, Robinhood, and dozens of Silicon Valley’s most successful startups, has a message for Bitcoin holders: the bottom is in, and now is the time to rotate.
In a post on X, Calacanis said he believes Bitcoin has formed a power bottom, a term used to describe a sustained, conviction-driven price floor, but immediately followed that with advice that will sit uncomfortably with Bitcoin maximalists
Sell your Bitcoin “Seriously, if you were my brother I would say sell half your Bitcoin and put it into productive projects like TAO and SOL, that are actually delivering new products, not just projects and promises,” Calacanis wrote. The framing is deliberate. His distinction isn’t between Bitcoin and altcoins broadly, it’s between assets he views as static stores of value and ecosystems he believes are actively building and shipping.
Solana, currently trading near $73.84, and Bittensor’s TAO, at approximately $190.83, were his specific picks. The productivity argument Calacanis’s case rests on a simple investor logic, capital should flow toward where value is being created, not simply stored. Solana has built a reputation for high-throughput transaction processing and a rapidly expanding developer ecosystem, while Bittensor has emerged as one of the more serious attempts to build decentralized AI infrastructure on a blockchain.