Calacanis Advises Investors to Diversify into Solana and Bittensor
Angel investor Jason Calacanis has advised investors to sell half of their Bitcoin and invest in Solana (SOL) and Bittensor (TAO). In a recent interview, he stated that 'the bitcoin power bottom is in,' suggesting that the price of Bitcoin may be at a low point.
Calacanis argued that Solana and Bittensor are delivering new products, not just promises. He emphasized that his investment decisions are based on whether projects are actually launched, rather than expectations of price gains.
This is a shift in Calacanis' stance, as he previously expressed skepticism towards Solana. However, he now notes that entrepreneurs are expanding their businesses using TAO and SOL, and that Solana is producing real products.
Calacanis has also criticized the Strategy behind Bitcoin's market narrative, arguing that it creates unnecessary risk. He advises investors to buy Bitcoin directly rather than investing in Strategy shares.