Grant Cardone says that 1 active will replace gold

Grant Cardone
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As a real estate magnate, Grant Cardone has long defended the advantages of real estate investment. However, in recent years, Cardone has been building its position in a completely different asset, one that believes that it has enormous growth potential.

“I have been investing in Bitcoin (BTC) since 2013 and I have constantly increased my position in silence, even as recently as last week and today when BTC reached $ 106,000,” he wrote in an email from December 17 to Moneywise.

Cardone’s conviction comes from his vision of Bitcoin’s future role in the global financial landscape.

“My belief is that BTC will eventually replace gold, and possibly will be in the US general balance. And at least adopted as an alternative to treasure invoices, savings accounts, ETF and diversified mutual funds,” he explained.

In addition, he pointed out that this idea is not far -fetched, noting that the Bitcoin Policy Institute has written an executive order for a strategic Bitcoin reserve for President Donald Trump.

Once considered a niche asset, Bitcoin has emerged in the mainstream, with its price shooting 120% only in 2024. Cryptocurrency has also caught the attention of political leaders, including Trump, who sees his strategic potential.

“We are going to do something great with cryptography because we don’t want China, or anyone else … but others are hugging it, and we want to be ahead,” Trump told Jim Cramer from CNBC in December.

A reason why Bitcoin attracts cryptography enthusiasts is their incorporated shortage, often what the nickname of “digital gold” is worth. Unlike fiduciary currencies, which can be printed in unlimited amounts by central banks, Bitcoin’s supply has a limit of 21 million currencies, a limit applied by its underlying mathematical algorithms. This shortage has fed its reputation as coverage against inflation.

Over the years, Bitcoin defenders have made bold predictions about their future price. In his email to Moneywise, Cardone shared his own projections for the potential growth of cryptocurrency in the coming years.

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