Gary Cardone Calls $5M Bitcoin 'Stupid' but Critic Says That's a 'Logical Fallacy'

A public debate has emerged over long-term Bitcoin price predictions following Gary Cardone's dismissal of a $5 million price target as 'stupid and irresponsible.' Cardone pointed out that reaching $5 million per Bitcoin would result in a total market capitalization of roughly $105 trillion, which is over seven times larger than gold's current estimated $15 trillion market valuation. In response, entrepreneur Jesse Tevelow argued that Cardone's view suffers from a logical fallacy by assuming a ceiling on Bitcoin's fiat value while fiat currencies have no floor. Tevelow emphasized that the U.S. dollar supply can expand indefinitely through central bank money creation, whereas Bitcoin is bound by a strict, immutable 21 million supply limit. He argued that continuous monetary dilution ensures Bitcoin's fiat-denominated value will rise over time regardless of whether adoption expands, assigning a near-certain probability to the asset eventually touching multi-million dollar levels barring a black swan event. The exchange reflects ongoing divergent macro narratives between traditional market capitalization models and hard-money monetary debasement theories among institutional and crypto analysts.