Grant Cardone, real estate entrepreneur and CEO of Cardone Capital, announced that his firm accumulated more Bitcoin at $72,000 amid the digital asset’s recent price decline.
“For those who wanted a lower price, now you have it, let’s see if you follow through. For those who think it’s going to zero, you’re a little closer, now just have to wait and see,” Cardone said via his official X account.
Cardone indicated he would welcome further price drops, expressing interest in buying more if Bitcoin falls to $35,000. Asked if there was a pain point that would trigger a sale, the investor said he would not sell.
According to TradingView data, Bitcoin dropped about 7% over the past 24 hours, deepening weekly losses to 20%.
The asset slipped below $71,000 late Wednesday and continued to struggle into Thursday, briefly reaching $69,922.
Cardone Capital has a track record of buying Bitcoin during market dips as part of a strategy to accumulate below market value. The firm combines institutional real estate holdings with long-term Bitcoin positions, targeting 20% returns.
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