.png){kind=logo}
Prominent angel investor Jason Calacanis has renewed his criticism of Bitcoin while praising Solana and Bittensor as projects that build usable products. His comments arrived as SOL traded near $74 inside a key weekly demand zone. Traders now watch whether support can hold and whether price can break its short-term downtrend.
Calacanis said he would advise his brother to sell half of any Bitcoin holdings. He would then redirect the proceeds into ‘productive projects’ such as Solana and Bittensor. He added that both networks were delivering new products rather than relying only on future promises. His remarks marked a clear change from his earlier public stance on Solana.
In late 2024, Calacanis said he had never owned SOL. He also questioned whether the network offered meaningful applications beyond market speculation. He repeated that position through early 2025 while saying he owned only Bitcoin. More recently, he has pointed to entrepreneurs building on TAO and SOL.
Still, Calacanis has not disclosed any investment in either token. He has also revealed no direct relationship between Solana Labs and his venture firm.
Calacanis still describes himself as a longtime Bitcoin holder, yet he has repeatedly criticized Strategy co-founder Michael Saylor. He argues that Strategy has grown too influential within the Bitcoin market. According to Calacanis, the company’s position has also distorted the broader market narrative.
Calacanis has urged investors to buy Bitcoin directly instead of gaining exposure through StrategyShares. He says the company’s financing model creates risks that direct ownership avoids.
Previously, Calacanis said he would never buy Strategy stock, even after a steep price decline. He also rejected any taxpayer-funded rescue if the company faced serious financial trouble. His criticism focuses on Strategy’s financing structure rather than direct Bitcoin ownership.
Also Read: Ethereum, Solana, Avalanche Activity Grow as Prices Fall
Meanwhile, Solana trades inside a broad weekly demand zone stretching from about $64 to $75. Buyers have responded several times within that range. As a result, the region remains central to the current Solana price outlook. SOL recently slipped below a previous low near $68 before recovering above it.
That move may represent a liquidity sweep. Still, the 12-hour structure continues to show lower highs and a descending trendline. Can SOL turn renewed attention into a confirmed break above its downtrend?
A decisive move above the $80 to $84 resistance area could create a path toward $92.91. Price would then approach a market-structure level near $98. On the downside, $68.44 remains the nearest important support. A weekly close below that level could expose the lower demand area near $64.
Such a move would weaken the immediate bullish setup. Until SOL clears the descending trendline and completes a successful retest, a move toward $90 remains conditional. Another decline may also help traders assess whether the market has formed a bottom resembling Solana’s 2022 price structure.
Calacanis has shifted from questioning Solana’s utility to describing SOL and TAO as productive networks, while maintaining his criticism of Bitcoin-linked Strategy shares. For traders, SOL’s next signal depends on holding $68.44 and breaking $80–$84 before the projected move toward $90 gains confirmation.
