"Calacanis argues that TAO may have the kind of upside that could produce a 200x return from a $2.5 billion market cap, labeling Bittensor as a long-duration, high-conviction AI infrastructure bet."
"A Stillcore Capital fund overview from late 2025 lists Calacanis as a consulting partner and describes the vehicle as a U.S. fund focused on Bittensor and TAO, presenting the token as institutional-grade exposure to decentralized AI."
"Calacanis' call fits with a larger thesis now circulating around Bittensor, which is that if Bitcoin was the money layer of crypto and Ethereum became the application layer, TAO bulls believe it represents the intelligence infrastructure."
Jason Calacanis is making a substantial investment in decentralized AI, particularly in Bittensor's TAO token, which he believes is underpriced. He suggests that TAO could yield a 200x return from its current market cap of $2.5 billion. Calacanis is associated with Stillcore Capital, which focuses on Bittensor and positions TAO as a reserve asset in decentralized AI infrastructure. His perspective aligns with a broader belief that TAO represents a long-term, high-conviction investment rather than a mere crypto trade.
Read at news.bitcoin.com
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