Cardone Predicts $20T Milestone for Bitcoin to Unlock Global Payment Tool Status
Grant Cardone, founder of real estate investment firm Cardone Capital, believes that reaching a market capitalization of $20 trillion would mark a significant milestone for Bitcoin.
Citing his own experience managing assets valued at over $5 billion and holding corporate reserves in Bitcoin, Cardone argues that this threshold would make BTC a viable means of exchange, rather than just a store of value due to its volatility.
He notes that the current market capitalization is around $1.5 trillion, meaning it would need to multiply by over tenfold to reach the desired level.
According to Cardone, a $20 trillion market size would provide the depth needed for BTC to be used as a global payment tool, facilitating transactions without significant exchange slippage.