Jason Calacanis Says Bitcoin Will Never Hit a New All-Time High Again — Grant Cardone Bets $1 Million He's Wrong
Real estate investor Grant Cardone challenged venture capitalist Jason Calacanis to a $1 million bet on Wednesday that Bitcoin will surpass its all-time high within two years.Will Calacanis Take the Bet?Calacanis, host of the All-In podcast, said earlier in the week that , predicting it retests its $57,000 low within the next 12 months.Cardone saw it differently and dared Calacanis to put his money where his mouth was.“Jason, I’ll bet you $1,000,000 it will break its ATH,” he said. “Do we have a bet?”Cardone specified that the bet is either settled when Bitcoin hits or exceeds $126,210.50 by Oct. 28, 2028.Calacanis responded with a touch of sarcasm, saying, “So much free money!”So much free money! Cardone also proposed an escrow to hold the money with a third party until the bet resolves. Calacanis’ response piqued interest.The bet drew interest from other Bitcoin advocates, including JAN3 CEO Samson Mow and Blockstream CEO Adam Back, who offered to join if Calacanis agreed.Do you have an escrow or platform that can actually lock this in?How Long Before New Highs?Galaxy Digital’s head of firmwide research Alex Thorn , saying Bitcoin bottomed in June and remains in an accumulation phase with a potential run back to $125,000.Veteran investor Kevin O’Leary argued that regulatory uncertainty and growing quantum computing concerns are keeping Bitcoin institutional investors on the sidelines and holding the price around $80,000Notably, bettors on Polygon -based Polymarket don’t see Bitcoin breaking its all-time high this year.Price Action: As of this writing, BTC is down 1.9% in the last 24 hours to $79,975.21, to Benzinga Pro. Preview Photo courtesy: Shutterstock