2484: Billionaire Plans $40 Million Bitcoin Buy - Why BTC Is Heading to $1 Million

Grant Cardone plans to refinance properties to buy 500 more Bitcoin, a purchase the host valued at roughly $40 million. The host said Cardone Capital holds 3,000 Bitcoin, which would put its position at 3,500 after the planned purchase, and that Cardone also buys Bitcoin monthly using rental income. The strategy is presented as a way for property owners to add Bitcoin without selling real estate, but borrowing to buy a volatile asset creates risk, particularly if Bitcoin falls while the debt remains.

Cardone said his priorities have shifted from owning 100,000 apartments to holding 25,000 apartments in prime locations and 10,000 Bitcoin. He predicted he could reach 10,000 coins by year-end and said that if Bitcoin reaches $400,000 to $500,000, his Bitcoin holdings could be worth more than his real estate portfolio. That outlook makes the proposed purchase part of a broader reallocation toward Bitcoin, rather than an isolated investment.

The bullish price case rests on a comparison between Bitcoin’s fixed supply and the large pools of wealth that could potentially move into it. The host cited global real estate wealth of $393 trillion, while another speaker described the real estate market as roughly $400 trillion, gold’s market capitalization as more than $30 trillion, and the digital-credit market as more than $100 trillion. The host argued that Bitcoin’s 21 million coin limit, alongside expanding buying power and possible shifts from real estate, could support a price of $1 million. Another speaker forecast $1.5 million, potentially $2.2 million or more, if Bitcoin overtakes gold’s market capitalization. These figures are forecasts based on adoption and market-share assumptions, not guaranteed outcomes.

Strategy’s reported position was another focus. According to Michael Saylor’s update, the company acquired 250 Bitcoin and repurchased $192 million of STRC. As of October 11, 2026, Strategy reported holding 848,250 Bitcoin and $5.5 billion in USD assets. Saifedean Ammous said Saylor had passed through his second year-long Bitcoin bear market while holding 4% of all Bitcoin, billions of dollars in cash, and close to zero net debt. The figures were presented as evidence of the company’s capacity to continue accumulating through a downturn.

The technical signal discussed was Bitcoin’s weekly MACD turning positive after 44 consecutive negative weeks. The speaker said that this pattern has historically marked the start of a bull market and characterized the current bull market as just beginning. The speaker also said this cycle’s bear-market drawdown was about 50%, compared with declines of 70% to 90% in earlier cycles. The analysis is optimistic, but its implications depend on the claimed historical pattern recurring.

The broader argument is that Bitcoin’s fixed supply is intensifying competition among companies, institutions, sovereign wealth funds, and governments. The speaker expects Strategy to become the first company to hold 1 million Bitcoin, with BlackRock likely to be second. A proposed U.S. strategic Bitcoin reserve of 1 million Bitcoin was described as uncertain, leaving government demand less predictable than the speaker’s corporate accumulation forecast.