Bitcoin at $20T? Grant Cardone Says the Milestone Could Turn BTC Into a Global Payment Tool
3 Articles
3 Articles
Bitcoin at $20T? Grant Cardone Says the Milestone Could Turn BTC Into a Global Payment Tool
TL;DR: Cardone Capital manages real estate assets valued at over $5 billion and holds corporate reserves in Bitcoin. The required market capitalization of $20 trillion would place the unit price of each BTC above $1 million. The businessman’s statements were published by financial portal TheStreet during an analysis of institutional monetary adoption. Real estate investor ...
Real estate investor Grant Cardone argues that Bitcoin could cease to be primarily a stock of value and become a means of exchange when its capitalization reaches $20 billion on the US scale. The proposal opened a debate on price, liquidity, volatility and transactional capacity, without Cardone offering a timetable to reach that level.
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