Renowned real estate investor and billionaire Grant Cardone has reiterated his belief in Bitcoin (BTC), stating that he will continue to aggressively buy even if the BTC price remains flat for years.
In a video he released, Cardone stated that he believes Bitcoin will not fall to zero, even in the worst-case scenarios.
Addressing worst-case scenarios, the billionaire stated, “Okay, what if it stays flat for another two years? That would mean four years of sideways movement on top of a two-year bear market, around the $67,000 level.” Cardone noted that the Bitcoin price chart for the past two years has been like a straight line, adding, “Even if it goes flat for another two years, the cash flow from my real estate investments will continue. I haven’t realized any gains yet, but I’ll move if necessary.”
Referring to Bitcoin’s 15-16 year history, Cardone said, “Would something that has existed for so long suddenly disappear to zero? Wouldn’t anyone want that? I don’t believe it.”
*This is not investment advice.
