The growing dominance of bitcoin and its implications for the crypto market were the focus of a recent discussion with Gary Cardone of Cardone Digital Ventures.
Roundtable anchor, Rob Nelson, questioned Cardone on how bitcoin’s increasing influence could affect liquidity and investment in the broader digital space.
Nelson began by addressing bitcoin’s status as the most well-known cryptocurrency and asked whether its rise would benefit the overall crypto ecosystem. “We got some big asset players putting their feet all in,” Nelson remarked, asking whether bitcoin’s growing dominance could generate more liquidity for other digital ventures.
Gary Cardone responded by affirming bitcoin’s increasing control over capital flows, stating, “Bitcoin is going to take over more of the capital flows,” which he believes could lead to a healthier market. He contrasted bitcoin with other digital assets, saying, “People are starting to realize that there’s not a lot behind these things [in crypto]” outside of bitcoin.
Cardone further elaborated on bitcoin’s potential as more than just a digital asset. “I see bitcoin as an industry. I don’t see it as a coin,” he explained, emphasizing the infrastructure needed to support bitcoin’s full integration into the financial system.
He concluded by noting that widespread adoption of bitcoin would take time. “It takes decades… to see the whole planet’s financial system” fully adapt to bitcoin, Cardone said, underscoring the long-term investment and development required for bitcoin’s full potential to be realized.
