- There is no product on earth with the same characteristics as Bitcoin, argues American investor Gary Cardone.
- Cardone claims most crypto users do not study and understand the industry.
- In his view, there is a “vortex of attraction and a gravity of freedom and democracy in the crypto marketplace”.
According to Gary Cardone, a U.S.-based investor, there is no product on earth with the same characteristics as Bitcoin, and many users do not understand that. In a recent discussion with Dan Gambardello, founder of Crypto Capital Venture, Cardone noted that most crypto users do not study and understand the industry, rather they get pulled into the “rabbit hole” and continue to operate within the system.
Cardone further explained that it takes someone angry with the old system or under intellectual stimulation to enter the crypto rabbit hole. According to him, that is because there is a “vortex of attraction and a gravity of freedom and democracy in the crypto marketplace.”
The renowned innovator described the crypto environment as the easiest industry he has been able to come into. A multi-trillion dollar business where anyone can participate without necessarily having a massive amount of capital.
Cardone considers society’s growth around the digital assets industry a process that is “digitizing the earth”. He believes the evolving crypto industry will revolutionize how things work and lead to the uberization of every aspect of human interaction.
Cardone emphasized that participants need to have a long-term perspective to succeed in crypto investment. According to him, exposing oneself to the volatility of day trading is an unnecessary risk for small investors. He noted that most small participants who engage in crypto day trading lose money.
Cardone further explained that focusing on day trading while working a day job is unethical and signifies stealing from an employer. According to him, any small investor willing to get into crypto should do so in little installments with a long-term perspective. By doing so, they would not be affected by the temporary industry setbacks and would have the opportunity to fulfill their current assignments while preparing for a profitable future.
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