Bitcoin Updates: Hybrid Investment Strategies Drive Surge in Bitcoin Purchases Amid Ongoing Market Slump
- Cardone Capital buys 185 BTC for $15. 3M at $82,500/coin, expanding its real estate-crypto hybrid portfolio amid crypto market weakness. - Bitcoin falls below $90K for first time in seven months as U.S. ETFs lose $3.79B in November outflows, with BlackRock's IBIT accounting for 63%. - Grant Cardone's hybrid model contrasts with pure-play crypto treasuries, using real estate cash flow to fund Bitcoin accumulation and claiming $125M in year-one EBITDA. - Market fears a prolonged bear market as Bitcoin drop
Cardone Capital's recent
This acquisition comes as Bitcoin drops below $90,000 for the first time in seven months,
The recent decline in the market has also raised concerns about a potential extended bear phase. Bitcoin’s value has dropped nearly 30% from its October high of $126,000,
At the same time, the long-term strength of institutional Bitcoin adoption is still being debated. While ETF outflows are seen by Bitfinex analysts as short-term portfolio adjustments rather than a loss of interest,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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