Grant Cardone is down $45 milllion on his Bitcoin bet
Finbold
04-06 21:35

Author:Web3 Explorer

Financial influencer, real estate guru, and millionaire entrepreneur Grant Cardone recently unveiled a staggering loss on his massive Bitcoin (BTC) investment.

Specifically, Cardone revealed that he owns approximately 2,000 BTC, purchased at an average price of $92,000 for a total of about $184 million. Considering Bitcoin is, at press time, changing hands at $69,450, the total investment is worth $138.9 million.

Given the market conditions, Grant Cardone is, in fact, down a staggering $45 million on his position in the world’s premier cryptocurrency.

Grant Cardone says Bitcoin loss doesn’t bother him at all

Despite the loss, the millionaire also stated that he is not bothered by the fact in an Iced Coffee Hour podcast appearance, demonstrating equally his wealth and his confidence in a future rally.

Indeed, between the time the podcast was filmed and press time on April 6, Grant Cardone was, arguably, partially vindicated for his confidence as he recovered some of the losses in the last 12 hours. Specifically, he unveiled a $51 million while BTC’s latest rally diminished it by $6 million to $45 million.

Elsewhere, while it remains uncertain what will happen with the cryptocurrency in the short-term – the April 6 upsurge was largely driven by the rumor that the U.S. and Iran might soon enter a ceasefire – the long-term outlook appears positive for the millionaire.

Could Grant Cardone’s $45 million Bitcoin loss turn into $116 million profit?

Late 2025 and early 2026 saw mounting institutional optimism and regulatory amicability, hinting that Bitcoin’s bull cycle would continue faster than the digital asset’s historical performance might indicate.

Bernstein, for example, believes that the prevailing bearish case for BTC is remarkably weak and believes the cryptocurrency could rally to $150,000 this year.

Should such a 2026 Bitcoin price forecast prove correct and assuming Cardone doesn’t alter his position, the $45 million loss of April 6 could become a $116 million gain by December 31.

Featured image via Shutterstock

Tip
$0
Like
0
Save
0
Views 657
CoinMeta reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Bitcoin Peak At $300,757? Pundit Runs Down The Scenario That Will Lead There
A market commentator has presented a long-term outlook suggesting that Bitcoin could climb to roughly $300,757.
Bitcoinist
·2026-04-08 01:05:27
928
Saylor Highlights His Bitcoin 'Safe Haven' as Strategy Reports $14.46 Billion Unrealized Loss
U.Today
·2026-04-07 15:55:00
433
XRP ETFs Outpace Bitcoin as Crypto Funds Bounce Back After Down Week
Bitcoin usually drives investment action around crypto ETFs, but last week, XRP led as overall crypto fund flows flipped positive.
Decrypt
·2026-04-07 23:23:22
384
Sam Altman Is Ignoring a Secret Weapon for His IPO
Call it the season of IPO prep. Recent launches and announcements from OpenAI and arch rival Anthropic are aimed at laying the groundwork to go public in late 2026 or early 2027, and for OpenAI, which just closed a $122 billion funding round that values it at $852 billion, everything is riding on a model codenamed Spud.
Bloomberg
·2026-04-07 12:00:04
207
XRP Drops Down Market Cap Rankings
U.Today
·2026-04-05 07:54:00
876