Grant Cardone doubles down on Bitcoin as price pulls back, says he won’t sell
Grant Cardone's firm bought more Bitcoin at $72,000 during the recent price dip and stated he will not sell, even if the price drops further.Summary
Real estate entrepreneur Grant Cardone, CEO of Cardone Capital, announced that his firm continued its strategy of accumulating Bitcoin during market downturns, purchasing more when the price fell to $72,000. Cardone challenged skeptics who wanted a lower price, suggesting they act now, and indicated he would be interested in buying more if Bitcoin reached $35,000. He firmly stated that he would not sell his holdings regardless of further price drops. Cardone Capital integrates long-term Bitcoin positions with institutional real estate holdings, aiming for 20% returns by capitalizing on dips to acquire assets below market value. This announcement came as Bitcoin experienced a significant pullback, dropping about 7% in 24 hours and deepening weekly losses to 20%.
(Source：Crypto Briefing)