Angel investor Jason Calacanis (제이슨 칼라카니스), known as an early Uber investor, argued that holders should sell part of their bitcoin and move funds into other coins such as Solana and Bittensor (TAO).

U.Today, a blockchain media outlet, reported on Monday that Calacanis said, "If you were my brother and you held bitcoin, I would advise you to sell half and invest those funds in Solana and Bittensor, among others."

He again voiced a critical view of bitcoin. Joking that "the bitcoin power bottom is in," he said, "Solana and Bittensor are delivering new products, not just promises." He made clear he bases investment decisions on whether products are actually launched rather than expectations of price gains.

The remarks contrast with his past stance of keeping distance from Solana. Calacanis has said for years that he has never held Solana. As recently as late 2024, he said, "I have never held SOL," and argued that no one had explained meaningful use cases for the network beyond speculation. He repeatedly stressed into early 2025 that he held only bitcoin and was keeping his distance from Solana and XRP.

More recently, Calacanis' comments have changed. In interviews and posts, he mentioned that "entrepreneurs are expanding their businesses based on TAO, SOL and the like," and pointed to Solana producing real products. He has not disclosed whether he is currently invested in SOL or any direct relationship between his venture investment firm and Solana Labs.

In the market, there is a mood of viewing his remarks as a shift in investment perspective rather than a change in preference between bitcoin and Solana. Calacanis is still classified as a long-time bitcoin holder, but he has recently raised issues publicly about internal structures within the bitcoin ecosystem. He has continued criticising Michael Saylor, who leads Strategy.

Calacanis argued early this year that "bitcoin has a problem called Strategy." He said Strategy has gained overly large influence and that, as a result, the market narrative is being distorted. He has repeatedly urged investors to buy bitcoin directly rather than Strategy shares, saying Strategy's funding structure creates unnecessary risk.

He has also said in past remarks that he would never buy Strategy shares even if they fell sharply. He also argued that taxpayers' money should not be used to bail out the company if it falls into financial difficulty. This stance is read as a view that tries to separate bitcoin itself from bitcoin-related companies.

In this situation, Calacanis' latest remarks are closer to a capital allocation strategy than an outright rejection of bitcoin. He is not saying to sell all bitcoin, but to cut it by half and move the funds into networks and projects that are launching products. At the same time, he changed his assessment of Solana while not disclosing any direct investment, drawing attention to whether his actual portfolio changes in the future.

The $btc power bottom is in! Seriously, if you were my brother I would say “sell half your bitcoin and put it into productive projects like bittensor:native and solana:So11111111111111111111111111111111111111112, that are actually delivering new products — not just projects…