Grant Cardone says one asset will replace gold


Give Cardone
Gonza Romarokin/Getty Images

MoneyWise and Yahoo Finance LLC may earn fees or revenue through links to the content below.

As a real estate mogul, Grant Cardon has long defended the benefits of real estate investment. However, in recent years, Cardone has quietly built his position with a completely different asset.

“I have been investing in Bitcoin (BTC) since 2013 and have consistently quietly added to my position last week, even recently when BTC hit $106,000 today,” he wrote in an email to MoneyWise on December 17th.

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

“My belief is that BTC has ultimately replaced money, possibly on the US balance sheet, and is at least adopted as an alternative to Treasury bills, savings accounts, ETFs and diverse mutual funds,” he explained.

He further noted that the idea was not a big deal, noting that the Bitcoin Policy Institute drafted an executive order for Strategic Bitcoin Reserve for President Donald Trump.

When considered a niche asset, Bitcoin surged into the mainstream, with prices surged by 120% in 2024 alone. Cryptocurrency is also attracting attention from policymakers, including Trump, who are seeing strategic potential.

“We don’t want China or anyone else, so we’re going to do something great with cryptography…but others are embracing it and we want to move on,” Trump told CNBC’s Jim Kramer in December.

One of the reasons why Bitcoin attracts crypto enthusiasts is its built-in rarity, often earning the nickname “Digital Gold.” Unlike Fiat currencies, which central banks can print in unlimited quantities, Bitcoin supply closes with 21 million coins. This rarity promoted its reputation as a hedge against inflation.

For many years, Bitcoin supporters have made bold predictions about future prices. In an email to MoneyWise, Cardone shared his own predictions for the potential growth of cryptocurrency over the next few years.

Leave a Reply

Your email address will not be published. Required fields are marked *