Early Uber Investor Jason Calacanis Predicts 200x TAO Rally

Jason Calacanis is making a much bigger bet on decentralized AI than a casual market call. In an episode of This Week In Startups, the veteran angel investor appears to frame Bittensor’s TAO token as the kind of asymmetric opportunity that venture investors spend years hunting for, and one that, in his view, could still be dramatically underpriced.

Calacanis’s TAO Comments Land as Bittensor Gains a More Explicit Venture-Style Bull Case

In the segment posted by TWiSTartups, Calacanis argues that TAO may have the kind of upside that could produce a 200x (from a $2.5 billion market cap), effectively labeling Bittensor as a long-duration, high-conviction AI infrastructure bet rather than a simple crypto trade.

Calcanis is widely known as an early Uber backer and longtime startup investor, and has increasingly attached his name to the Bittensor narrative.

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. The same materials describe Bittensor as an “intelligence infrastructure” play and repeatedly position TAO as a reserve asset within that ecosystem.

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 Bittensor could become the intelligence layer for an AI-native internet.

Stillcore’s own materials go as far as to describe Bittensor as the potential “ Bitcoin of AI.”

TAO appears to be outshining an otherwise stagnant altcoin market, currently trading at $326, currently up 87% in the last 30 days.

FAQ 🔎

• Who is Jason Calacanis? J

ason Calacanis is a longtime angel investor and podcaster best known for early bets including Uber and for hosting This Week in Startups.

• What is TAO?

TAO is the native token of Bittensor, a decentralized AI network that supporters describe as an intelligence infrastructure for the internet.

• Why did Calacanis’s TAO comment get attention?

It got attention because he appears to frame TAO as a potential 200x-style opportunity, and he has also been publicly linked to a Bittensor-focused fund.

• Is Calacanis formally involved with Bittensor-related investing?

Yes. A Stillcore Capital fund overview lists him as a consulting partner on a fund focused on Bittensor and TAO.