'Bitcoin Should Be $280,000,' Grant Cardone Says As BTC Continues Outperformance In Iran War

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Bitcoin should be trading much higher, according to real estate mogul Grant Cardone.
"Bitcoin should be $280,000," Cardone said Wednesday on X even as the asset traded around $71,000.
Cardone’s remarks come as Bitcoin has outperformed the broader market since the start of the U.S.-Israel war on Iran. The asset is up about 5% since the U.S. and Israel strikes on Iran began on Feb. 28, while the S&P 500 and gold are down 4% and over 13%, respectively.
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Bitcoin’s recent outperformance marks a shift from the past year and even the beginning of this year. The asset closed last year 6% lower, while the S&P 500 and gold closed 16% and 65% higher, respectively, a dynamic that continued until the recent escalation in Iran.
Analysts at Singapore-based digital asset solution provider QCP Capital earlier this month attributed the shift to the conflict in Iran pushing people to cryptocurrency assets to move capital across borders. The analysts cited growth in the market cap of Circle Internet Group’s (NYSE:CRCL) USDC stablecoin amid the conflict as a sign of fresh liquidity entering the market.
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Meanwhile, brokerage Bernstein reportedly said in a Tuesday note that Bitcoin has bottomed and is heading higher. While not as optimistic as Cardone, Bernstein said it expects the asset to reach $150,000 this year.
Cardone has waxed bullish on Bitcoin over the past year, as he has launched hybrid funds combining Bitcoin and real estate to differentiate his business. He recently teased that his company, Cardone Capital, would engage in monthly Bitcoin purchases as part of this strategy.
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