Bitcoin enters its first institutional cycle, SALT's Shawn Owen says
SALT Lending's Shawn Owen says banks and credit unions are rushing into bitcoin as institutional demand builds.
Gary Cardone explains Bitcoin's climb after a failed vote, his support levels, and Wall Street's increasing role.
Wall Street's Bitcoin Dominance Is Permanent, Says Cardone
The Clarity Act cloture vote was not passed, yet the price of Bitcoin still climbed. Gary Cardone, a co-founder of Chargebacks911, details why adverse news has been beneficial for the digital asset, his belief that the $75,000 level will provide support, and that he continues to place buy orders at $66,000 and $68,000. Additionally, he states he would be comfortable with another test of prices in the low $70,000s.
Chapters:
0:00 – Cardone discusses the cryptocurrency's rise after the Clarity Act vote failure.
1:38 – Capital moves toward AI alongside a weak push for Bitcoin to reach $126,000.
2:23 – Reasons for parking funds in STRC.
3:13 – Accumulating 10–12 Bitcoin from STRC dividends.
3:55 – No need to chase Bitcoin – his limit orders at $66,000 and $68,000.
4:51 – STRC compared with other preferred shares on liquidity, yield, and tax treatment.
6:21 – Why price targets of $1 million to $5 million for Bitcoin are a poor approach.
8:05 – Actual Bitcoin supply and a realistic market cap goal.
10:05 – Wall Street, the new generation, and Bitcoin–fiat arbitrage.
11:05 – What genuine mass adoption of Bitcoin looks like.
The views and opinions presented in this program belong exclusively to the participants and do not necessarily align with the official stance of BTC Inc., Bitcoin Magazine, or any of their affiliates. This content is offered solely for informational and educational purposes and must not be taken as investment, legal, tax, or accounting advice. Nothing in this program constitutes a solicitation, recommendation, endorsement, or offer to purchase or sell any securities or financial instruments. Viewers should consult their own professional advisors before reaching financial or business conclusions.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
SALT Lending's Shawn Owen says banks and credit unions are rushing into bitcoin as institutional demand builds.
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