Nvidia CEO’s Pod Chat Sends TAO Token Into a Tailspin-Wait, Upward?

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Key Highlights

  • If you thought your morning coffee could make your wallet happy, meet Bittensor (TAO), the token that’s been sipping from Nvidia’s gold-plated mug. It jumped 17% on March 20, 2026, hitting $300-a level it forgot existed since January.
  • The magic? A 72-billion-parameter AI model trained by 70+ contributors using internet hardware so basic, it probably still uses dial-up. Call it the “group project” of crypto.

Bittensor’s TAO token surged 17% on March 20, 2026, because apparently, the world needed a reminder that AI and crypto can team up for chaos. The catalyst? Nvidia CEO Jensen Huang and Chamath Palihapitiya trading barbs on a podcast. Palihapitiya called the decentralized AI training a “crazy technical accomplishment,” which is crypto-speak for “this works better than my Wi-Fi.”

Huang, ever the diplomat, praised both open-source and proprietary AI models, saying they’re “complementary.” Translation: “We’ll take your money, but we’ll also let you play with our toys.” This perfectly aligns with Bittensor’s plan to reward people for sharing their computers like they’re hosting a Netflix party for neural networks.

But let’s not get ahead of ourselves. Palihapitiya accidentally called the model 4 billion parameters instead of 72. The team, with the grace of someone explaining why they’re late to their own party, clarified the mix-up. The real star, Covenant-72B, trained on 70+ devices and scored a 67.1 MMLU. Because who doesn’t want to spend their lunch break training AI on standard hardware, right?

From $143 to $300: The V-Shaped Recovery

TAO’s price chart looks like it’s been on a rollercoaster with a caffeine addiction. From $143 to $300 in no time flat-because nothing says “I’ve turned my life around” like a token’s price chart. The token broke out of an ascending triangle (a technical term for “it looked like a triangle before it exploded”), crossing $300 for the first time since January. The intraday range? $243 to $307. Because $6 is just enough to buy a bagel and feel accomplished.

But here’s the kicker: The RSI is in overbought territory (crypto code for “this might crash any second, but let’s pretend it’s a stock”), and the MACD is shrinking like a deflated balloon. Technical analysts are now arguing over whether this is a bull run or a midlife crisis.

Derivatives traders, meanwhile, are throwing confetti. Futures open interest tripled in two weeks, because nothing says “confidence” like betting on a token with a name that sounds like a magical artifact.

The Decentralized AI Narrative Gains Institutional Traction

Grayscale, the crypto giant with a name that makes you think of lead, filed an ETF application for TAO. They plan to stake the tokens, which is either a brilliant move or a fancy way to say “we’ll lock it up and hope no one notices.” Meanwhile, a Swiss ETP is letting Europeans play with TAO like it’s a luxury handbag.

The AI crypto category’s market cap hit $17.2 billion, because nothing unites people like the shared delusion that AI will save us all. Render, Internet Computer, and Kite are all riding the wave, probably whispering “don’t look now” to their portfolios.

Can TAO Reach $500?

Analysts are split: bulls say “yes, if Nvidia keeps nodding,” bears say “no, because this is crypto.” The token’s down 61% from its peak, which is less than most people’s patience for Web3 influencers. If TAO breaks $365, it’ll be either a miracle or a meme.

What’s certain? Bittensor went from “niche experiment” to “Nvidia-endorsed sensation” faster than you can say “decentralized compute.” Whether it keeps climbing or crashes like a poorly coded meme depends on if the world wants a token or a story. Spoiler: It’s always the story.

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2026-03-20 16:53