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Gary Cardone is the CEO of CardOne Ventures and a Bitcoin maximalist. In his recent video, he expresses his optimistic outlook on Bitcoin despite some recent negative market sentiments from other investors.
Recently, Bitcoin’s value dropped to 54,000 dollars, followed by a quick rebound to around 55,000 dollars. However, Cardone reassures us not to worry, suggesting that any anxiety comes from a miscalculation of investment duration. He advises that those in it for the long haul should focus on generating more income and selling off assets that won't perform as well as Bitcoin.
Meanwhile, an article on CoinTelegraph states that traders are still optimistic about the future of Bitcoin after its price bounced 9% from lows.
Despite typically less active weekend trading, Bitcoin managed to recover some lost ground. Analysts, such as Rekt Capital, noted the "tremendous deviation to the downside" but observed positive signs as Bitcoin's daily close remained above the crucial 56,750 dollar support level.
Gary Cardone discusses the importance of political engagement alongside investment in Bitcoin. For instance, he believes that the coming US election would significantly affect cryptocurrencies. That is why he urges people to think about voting and engaging with their neighbors to bring them to vote in November. Community action and involvement would make a great difference.
About Grant Cardone:
Grant Cardone is a world-renowned entrepreneur, author, speaker, investor, and coach. He owns and operates seven privately held companies, and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets worth over $4 Billion.
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"Don't Be Fooled By The Sell-Off! This Is When You Buy!" - Grant Cardone
