Self-proclaimed billionaire Grant Cardone announced he is selling his private jet as bitcoin prices crashed this week.
Newsweek reached out to Cardone via email for comment.
Why It Matters
The value of popular cryptocurrency bitcoin crashed this week. It has fallen more than 22 percent over the past month, according to Coindesk, translating to major losses for investors. It marks a shift from 2025, when the currency grew in value for the year. It surged in value after President Donald Trump’s victory in 2024 as investors anticipated that his administration would implement more favorable policies toward cryptocurrency.
What To Know
Cardone announced that he is selling his private jet amid the bitcoin woes in a post to X.
”Bitcoin is crashing so I have to say bye to the love of my life,” he wrote. “Tough choices. 2024 Bombardier Global 7500, loaded, 5 year warranty, full programs, only 190 hours, full k-band and ready for starlink. Interior is gorgeous.”
A listing on Controller Aircraft, an online marketplace for jets, shows a matching private jet for sale with Cardone’s logo overlayed on the jet. A price is not included in the listing, but it does mention a total airframe time of 172 hours.
Cardone has referred to himself as a billionaire in the past. Nasdaq reported in 2025 that he has built a $1.6 billion net worth. However, Forbes does not include him in its list of billionaires.
Cardone, a businessman, equity fund manager and real estate investor, is the founder and CEO of Cardone Capital and Cardone Training Technologies Inc. He has written numerous books on finance, including If You’re Not First, You’re Last and The 10X Rule. He has $5.3 billion in assets in his portfolio, according to his website.
The Associated Press reported that sell-offs seem to be related to investors pulling out of speculative assets like gold, silver and digital currencies and concern about the future of regulation of cryptocurrencies.
Bitcoin was worth about $67,000 on Thursday, AP reported. That is lower than when Trump was elected in November 2024. It hit a record high on October 6, 2025, at $126,210.50.
The White House hosted banks and cryptocurrency companies this week to discuss regulations, AP reported.
Bitcoin is a form of digital money that runs on a public, online ledger called a blockchain, where every transaction is recorded and verified by thousands of independent computers around the world. This system makes it possible for people to send value directly to one another, securely and without a middleman. Only a limited number of bitcoins can ever exist, which is why supporters often compare it to a scarce commodity like gold.
What People Are Saying
Jim Cramer, host of CNBC’s Mad Money, on X: “The Bitcoin rally’s impact on the S&P shows you the leverage that’s in the system. People sold the S&P to finance their bitcoin.”
Investor Mike Alred, on X: “The multi-week buildup in fear reached a climax yesterday after hours culminating with a large whoosh down in Bitcoin and other risk assets. Now we are more than 10% off the lows and will begin a quiet recovery that will build in to euphoria in the spring. I’ve seen this movie.”
President Donald Trump, last year: “We’re making the United States the Bitcoin superpower, the crypto capital of the world.”
What Happens Next
The future of bitcoin is unknown. It is unclear whether the currency will continue to crash or if it will recover.
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