Bitcoin's evolution and its unique positioning as both a currency and a technology were key topics of a discussion with Gary Cardone, founder of Cardone Digital Ventures.

Roundtable anchor, Rob Nelson chatted with Cardone about Bitcoin's multifaceted nature, noting that it stands apart from other assets like gold and technology companies such as Microsoft.

Rob Nelson emphasized bitcoin’s unique position as a top 10 valued asset, distinguishing it from traditional assets like gold by being a store of value, currency, and technology platform. "Bitcoin is the only asset I can think of that’s all those things at once," Nelson remarked, adding that this sets it apart from assets like Microsoft, which is purely a technology company.

Gary Cardone expanded on this, explaining that the infrastructure around bitcoin still has a long way to go. "All that has to get built and you cannot use a pencil and an Excel spreadsheet for this stuff," Cardone said, predicting trillions of transactions in the future. He added, "We are moving into trillions and trillions of transactions," and that users will eventually trade in Satoshis, the smallest unit of Bitcoin.

Cardone also touched on the limitations in how Bitcoin is perceived as a retail solution, calling the idea "outrageously ignorant." He argued that Visa and MasterCard's dominance in credit cards took decades to establish, and bitcoin advocates should focus on Bitcoin as a settlement system. "We are not a payment system right now. We are a settlement system. Best settlement system in the world," he stated.

Lastly, Cardone criticized the inefficiencies in traditional financial systems, noting that Visa and MasterCard face a 13% decline rate in credit card transactions due to fraud. "Why do they trade at such a big premium if there's so much fraud?" he questioned, suggesting that Visa and MasterCard's business models thrive on friction and fraud prevention costs.