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He doesnt buygoldor stocks, and he was initially skeptical of Bitcoin.
However, he has turned into a Bitcoin bull and is accumulating the asset.
Also seewhy Cardone says you cant build wealth working 9-to-5.
He explained that both real estate and crypto people value scarcity.
There are only 21 million Bitcoin, and only about 1 million havent been mined yet.
Once all of the Bitcoin is mined, there is no way to produce additional Bitcoin.
A central authority doesnt have the ability to print more Bitcoin and significantly devalue the asset over time.
Real estate also has scarcity.
The similarities between real estate and Bitcoin have contributed to Cardone feeling more bullish about Bitcoin.
He said Bitcoin and real estate have a natural symbiotic relationship.
In fact, Bitcoins appreciation will further increase the likelihood that investors hold on to their crypto.
This assertion isnt only because of Bitcoins intrinsic scarcity,long-term potential and storeof value.
It also has to do with capital gains.
Youre not going to trade your Bitcoin.
If people hold on to their Bitcoin, its value will go up.
Cardone even has a Bitcoin real estate fund, which gives investors exposure to real estate and Bitcoin.
The Bitcoin position in the fund will grow as Cardone investsreal estate cash flowinto Bitcoin.
This strategy combines the stability of real estate with the high return potential of cryptocurrencies.
But Cardone isnt a fan ofgold and stocks.
He views stocks as trading a piece of paper for another piece of paper.
For instance, youre trading fiat currency for a certificate of ownership for the shares you purchase.
Precious metals likegold and silveralso present the store of value argument.
Meanwhile, thousands of companies let customers use Bitcoin as a method of payment.
Those customers prove Bitcoins viability as a medium of exchange.
Cardone sees Bitcoin as a better store of value than cash.
He isnt a fan of stocks and precious metals, and the numbers certainly back him up.
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