Gary Cardone doubles down on bitcoin amid institutional surge
10/21/2024 20:40Infrastructure ventures are emerging as promising investments, complementing bitcoin's role in the evolving market.
Investment opportunities beyond bitcoin took center stage as Roundtable anchor, Rob Nelson, asked Gary Cardone of Cardone Digital Ventures for his perspective.
While both acknowledged bitcoin’s position as a unique long-term asset, Nelson sought to understand where Cardone sees potential in other sectors. Cardone offered a look into his investment philosophy, emphasizing his focus on bitcoin and highlighting infrastructure and compliance ventures, like Node 40, as areas worth watching.
Gary Cardone emphasized his continued interest in bitcoin, stating, "I don't have enough bitcoin yet, so I have a goal of how much bitcoin I want." He reflects on how he could have better aligned his past investments with the direction the world is heading, saying, "Had I taken that money from the old world and understood where this planet was going...this is going to fill a gap."
Cardone further noted the growing institutional interest in bitcoin, adding, "Now Franklin Templeton and BNY Mellon are here. And if you notice, every major player has taken a piece of the value chain." He sees this as a pivotal moment for bitcoin’s future, especially with the involvement of sovereign entities.
When discussing other investments, Cardone remains cautious about sectors like real estate, mentioning uncertainties such as rising insurance costs and HOA fees. Instead, he chooses to focus on compliance companies like Node 40. "Node 40 is going to be a great business...if you don't already have enough bitcoin." He emphasizes the need for companies to become compliant, which will drive demand for services like Node 40.
In conclusion, Gary Cardone makes it clear that while there are many opportunities in the market, he remains laser-focused on bitcoin and select ventures that align with the evolving financial landscape.