{"id":33289,"date":"2026-10-29T11:37:52","date_gmt":"2026-10-29T11:37:52","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/10\/29\/grant-cardone-1-million-bet-bitcoin-ath\/"},"modified":"2026-10-29T11:37:57","modified_gmt":"2026-10-29T11:37:57","slug":"grant-cardone-1-million-bet-bitcoin-ath","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/grant-cardone-1-million-bet-bitcoin-ath\/","title":{"rendered":"Grant Cardone Bets $1 Million on Bitcoin Returning to Its ATH"},"content":{"rendered":"\n

A $1 million<\/strong> bet has just entered the debate over the future of Bitcoin<\/strong>. Real estate mogul Grant Cardone<\/strong> has issued a public challenge to venture capitalist Jason Calacanis<\/strong>, who is predicting a drop in BTC<\/strong> toward $57,000 and arguing that it will never surpass its previous all-time high.<\/p>\n\n\n\n

Behind this media spectacle lies a genuine divide within the investor community: Is Bitcoin at the end of its cycle, or simply consolidating before a major new breakout?<\/a><\/strong> The arguments on both sides deserve serious consideration.<\/p>\n\n\n\n

Here is what this public duel reveals about the true state of BTC market sentiment in 2025<\/strong>.<\/p>\n\n\n\n

A $1 Million Bet: Cardone vs. Calacanis<\/h2>\n\n\n\n

On October 27, 2025, Jason Calacanis<\/strong> published a bearish analysis on Bitcoin<\/strong>. His core argument: capital is rotating massively toward artificial intelligence<\/strong>, leaving BTC<\/strong> without a strong enough catalyst to break a new ATH<\/strong>. His prediction \u2014 a return to $57,000 within the next 12 months, and an all-time high that will never be broken.<\/p>\n\n\n\n

The following day, Grant Cardone<\/strong> fired back with a concrete proposal: a $1 million<\/strong> bet that Bitcoin<\/strong> will reach at least $126,210.50<\/strong> before October 28, 2028. That threshold sits just above the October 2025 ATH<\/strong>, which was established at around $126,080. Cardone<\/strong> proposed placing the funds with an independent third party to guarantee payment to the winner \u2014 a standard condition in high-profile public bets between investors.<\/p>\n\n\n\n

At this stage, Calacanis<\/strong> has responded publicly but has not accepted the terms of the challenge<\/strong>. The bet therefore remains a unilateral proposal, with no formal agreement in place. Other figures in the Bitcoin<\/strong> community, including advocate Fred Krueger<\/strong>, have put forward similar proposals, piling further pressure on Calacanis<\/strong>.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

Why Calacanis Believes Bitcoin Will Never Return to Its ATH<\/h2>\n\n\n\n

Calacanis<\/strong>‘s central argument rests on institutional capital rotation<\/strong>. He points specifically to outflows from spot Bitcoin ETFs<\/a><\/strong> as a signal of weakening demand. In his view, AI<\/strong> is now capturing the attention and liquidity that Bitcoin<\/strong> attracted during previous cycles, mechanically reducing its upside potential.<\/p>\n\n\n\n

These concerns are not without merit. Bitcoin ETF<\/strong> flows are a key indicator of institutional sentiment that warrants close monitoring. Prolonged outflows can weigh on short-term price action<\/strong> and undermine key support levels. That said, ETF outflows<\/strong> often reflect short-term trading decisions \u2014 arbitrage plays, portfolio rebalancing \u2014 rather than a structural abandonment of the asset.<\/p>\n\n\n\n

Calacanis<\/strong>‘s thesis also assumes that Bitcoin<\/strong> and AI<\/strong> are in direct competition for the same pool of capital. Yet many institutional investors are allocating to both sectors simultaneously, viewing Bitcoin<\/strong> as a store of value<\/strong> that is largely decorrelated from traditional tech assets.<\/p>\n\n\n\n

What This Bet Reveals About Bitcoin Market Sentiment<\/h2>\n\n\n\n

Beyond the media spectacle, the Cardone<\/strong> vs. Calacanis<\/strong> duel crystallizes a very real tension in the markets: Is Bitcoin going through a healthy correction, or a deeper trend reversal?<\/a><\/strong> Both scenarios coexist in current on-chain analysis, with no clear consensus emerging.<\/p>\n\n\n\n

This kind of public bet carries genuine signal value. When high-profile investors commit financially to specific price levels and defined time horizons, they help anchor reference points in the broader collective debate. The $126,210<\/strong> threshold now functions as an additional psychological target<\/strong> for the market, much like a key technical resistance level.<\/p>\n\n\n\n

For traders and investors tracking BTC<\/a><\/strong>, the real question is not who will win the bet \u2014 but which indicators (ETF flows<\/strong>, institutional adoption<\/strong>, Bitcoin dominance<\/strong>, on-chain data<\/strong>) will ultimately settle the argument between these two theses in the months ahead.<\/p>\n\n\n\n

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