As Bitcoin (BTC) struggles to stay above $70,000 amid rising tensions and macroeconomic uncertainty, a well-known figure has made an incredible price prediction for BTC.
Accordingly, billionaire investor Grant Cardone argued that Bitcoin is undervalued and should be trading at around $280,000.
Renowned real estate mogul and Bitcoin advocate Grand Cardone argued in a post on his X account that the current situation does not reflect Bitcoin’s true potential.
Cardone made headlines in the market by stating that Bitcoin should be trading at the $280,000 level.
Cardone’s prediction of a $280,000 price point for Bitcoin, while noteworthy, is seen as an opinion not backed by concrete data. However, regardless of whether Bitcoin reaches $280,000, Cardone’s prediction shows that leading figures still see significant upside potential in BTC.
Furthermore, this prediction represents a 290% increase from Bitcoin’s current level of $71,000.
Grant Cardone’s company, Cardone Capital, which manages approximately $5 billion in assets, is also a Bitcoin owner, following in the footsteps of treasury companies like Strategy and MetaPlanet. After declaring Bitcoin the only scarce asset that can be mined, the company holds approximately $70 million worth of BTC on its balance sheet. The company also states that it aims to own 10,000 Bitcoin by the end of this year.
*This is not investment advice.
