Bittensor's TAO token reached a year-to-date high above $310 on Tuesday, up 12% in 24 hours, following investor Jason Calacanis's bold forecast that it could outperform Bitcoin with a potential 200x rise to a $500 billion market cap. The 'This Week in Startups' host, an early Uber and Robinhood backer, faced backlash from Bitcoin advocates accusing him of shilling due to his fund's TAO investments. Bittensor runs a decentralized AI network with subnets for machine intelligence, mirroring Bitcoin's supply cap and halvings, while processing millions of daily queries and earning revenue from AI services—drawing praise from Nvidia's CEO and institutional interest via Grayscale.
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