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Who is buying while blood is being spilled
Grant Cardone — a billionaire rentier with a portfolio of thousands of apartments and offices — stated that he will continue buying Bitcoin.
“We are improving cash flow from real estate and buying more Bitcoin while it falls,” he wrote.
He also acknowledged the downside:
“If Bitcoin goes to zero — it was a stupid-stupid adventure,” but added that real estate will pull through anyway.
Unlike Strategy, which bought using money from stock issuance and is now cornered, Cardone pays for Bitcoin with cash from rent. About $200 million in BTC, without leverage.