Early Uber investor and prominent angel investor Jason Calacanis has made a bold prediction for Bittensor's native token TAO during his podcast 'This Week In Startups'. He stated that TAO, with a market cap of approximately $2.5 billion, has the potential for a 200x increase, describing it as an asymmetric opportunity that venture investors have been seeking for years. He emphasized that this is not a typical crypto trade but a long-term bet on decentralized AI infrastructure.
Calacanis' Deepening Ties with Bittensor
According to a late 2025 fund review from Stillcore Capital, Calacanis serves as an advisory partner for the fund, which is explicitly focused on Bittensor and TAO. The materials describe Bittensor as 'intelligence infrastructure' and position TAO as a reserve asset within the ecosystem. This marks his transition from public commentary to formal involvement.
'Bitcoin of AI' Narrative Gains Traction
Calacanis' comments align with the broader thesis that if Bitcoin is the monetary layer and Ethereum the application layer, Bittensor could become the intelligence layer for the internet. Stillcore Capital even calls Bittensor the 'bitcoin of AI'. The market has responded positively: TAO is currently trading at $326, up 87% over the past 30 days, outperforming most altcoins. Analysts see the convergence of AI agents and crypto markets as a key catalyst.
FAQ
- Who is Jason Calacanis? He is a veteran angel investor and podcaster, best known for early investments including Uber and hosting 'This Week in Startups'.
- What is TAO? TAO is the native token of Bittensor, a decentralized AI network described by supporters as the intelligence infrastructure for the internet.
- Why did Calacanis' comments attract attention? He not only predicted 200x returns but also publicly disclosed his advisory role at a Bittensor-focused fund, lending credibility to the thesis.