Equity fund manager Grant Cardone expresses support for President-elect Donald Trump’s proposal to establish a Bitcoin reserve for the United States.
Cardone, who runs Cardone Capital, a firm that manages around $4.5 billion in assets, believes the Bitcoin reserve initiative could solidify the country’s global financial leadership.
Cardone supports Trump’s Bitcoin reserve plan
In a recent post on X, Cardone drew a parallel between Trump’s Bitcoin strategy and President John F. Kennedy’s ambitious space program in the 1960s.
Donald Trump will propose adding BTC to our balance sheet “in a big way.” The United States is in a global race for currency supremacy. and Trump will sell to the American people that BTC is vital to our continued leadership in the world, just as Kennedy did when he sold out the US because he…
– Grant Cardone (@GrantCardone) December 26, 2024
The real estate investor suggested that, just as Kennedy called on the American public to support the moon landing, Trump could also advocate for Bitcoin adoption to maintain the country’s economic dominance.
According to Cardone, the United States is currently struggling to expand its global monetary dominance. This occurs as in other countries, such as BRICS countriesseek to de-dollarize their economies in the face of currency devaluation.
As the race heats up, Cardone believes Trump’s Bitcoin reserve idea could be game-changing. “Trump will convey to the American people that BTC is critical to our continued leadership in the world.” he remarked.
Supporters and critics
Trump’s proposal includes creating a national Bitcoin reserve to position the US as…
