Bitcoin pushed higher this week despite the failure of the Clarity Act cloture vote, brushing off another round of legislative gridlock in Washington. In an interview with Bitcoin Magazine's Patrick Green, Chargebacks911 co-founder Gary Cardone laid out why he expects the asset to hold ground above major technical levels while preparing cash for potential pullbacks.
Cardone's floor and dip-buying strategy
Cardone expects Bitcoin to hold firm at $75,000, though he wouldn't mind seeing the market shake out late arrivals. In fact, he welcomes one more retest of the low $70,000s before a sustained continuation upward.
He isn't just watching the charts, either. He has resting buy orders placed at $66,000 and $68,000 to catch any sharp liquidations. If sellers flush the market toward those levels, he intends to step in aggressively.
STRC dividends and yield mechanics
Rather than letting cash sit idle while waiting for those lower bids to fill, Cardone parked his money in STRC. The holding has already yielded tangible results: he collected between 10 and 12 Bitcoin purely from STRC dividend distributions.
Evaluating the trade against other preferred shares, Cardone focused on liquidity, yield profiles, and tax treatment. The mechanics of the structure let him capture current income and funnel the payout directly back into spot accumulation without taking on naked price risk at local highs.
Tossing out the seven-figure hype
Cardone pushed back hard against the runaway targets circulating among vocal advocates. Price predictions calling for Bitcoin to reach $1 million to $5 million do more harm than good, he argued, describing the figures as a counterproductive pitch that alienates serious allocators.
Instead, Cardone pointed to Bitcoin's real circulating supply to map out a realistic market capitalization target. Grounding the asset's value in actual liquidity constraints and demonstrable adoption metrics paints a far cleaner picture for conservative capital.
The Wall Street trade and genuine adoption
The institutional influx isn't just about passive holding. Cardone pointed to the arrival of Wall Street's new guard, who treat the market as an active fiat-to-Bitcoin arbitrage playground rather than an ideological safe haven.
For Cardone, mass adoption won't be measured by speculative retail euphoria or political speechmaking. It arrives quietly through settlement mechanics, institutional balance sheet integration, and structured yield vehicles that bridge legacy paper wealth with digital scarcity.
