TAO isn't just CRASHING because of the markets, it needs a FIX!

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Uncle Ray breaks down Bittensor with a rare mix of conviction and caution, outlining why he is bearish on the current market but still highly bullish on TAO into 2026–2027.

Watach below:

Table of Contents

Market Context

Crypto remains in a bear market, and current pumps are dead-cat bounces, not the start of a new cycle.
Ray believes 99% of altcoins will still fall 90% or more from current levels.
His core strategy is shorting pumps, not buying bottoms.

Shorting Strategy

Ray actively shorts overextended moves.
In current conditions, he prefers betting on downside over upside.

Why Ray Is Bullish on TAO Long Term

Ray believes Bittensor will become the backbone of blockchain-based AI in 2026–2027.
TAO has a fixed supply of 21 million tokens, similar to Bitcoin.
One of Bittensor’s four treasury entities, Tao Synergies, holds +54,000 TAO.
TAO is on his accumulation watchlist near cycle bottoms.

Institutional Interest in TAO

Grayscale filed for a spot TAO ETF conversion on December 30.
Bitwise filed for a TAO strategy ETF on December 31.
Ray sees TAO as a bridge between Wall Street and decentralized AI, similar to how Bitcoin ETFs unlocked institutional inflows.

Utility vs Investment Reality

Utility alone does not make a good investment.
Winning projects must combine utility, adoption, revenue, and value accrual for token holders.
Ray compares Bittensor’s current phase to the dot-com era, where only revenue-generating platforms survived.

TAO Technical Outlook

TAO appears near the bottom of its historical range, but further downside is possible.
Bear market pressure and internal system risks could push prices lower.
Historically, 90% of altcoins never make new all-time highs in a second cycle, but Ray believes TAO has a real chance to be in the 10%.

Trading Philosophy

Ray treats crypto as a commodity market, not a belief system.
His approach is accumulate on deep drops, exit near cycle tops.
He emphasizes that shorting pumps has been the most consistent strategy in crypto.
He closes by reminding viewers that most crypto investors lose money without discipline.

Bottom line: Uncle Ray is bearish short term, constructively cautious mid term, and strongly bullish on TAO long term, while openly warning that subnet mechanics and governance risks should not be ignored.