Grant Cardone, founder of real estate investment firm Cardone Capital, said commercial real estate is going through a historic reset as high interest rates push property prices below replacement cost. In his view, that creates an opening to use Bitcoin as a store of wealth alongside income-producing real estate.
Cardone said his goal is to hold 25,000 apartment units while building a balance-sheet position of 25,000 BTC. He described real estate as a "Trojan horse" for Bitcoin allocation and outlined Cardone Capital’s model of using property cash flow to keep buying more BTC. According to his remarks, the firm aims to increase its Bitcoin holdings from 3,000 BTC to 25,000 BTC.
He also argued that traditional real estate investment trusts, or REITs, cannot hold Bitcoin, which he said gives his company a competitive barrier. Cardone added that he sees Bitcoin and real estate as an ideal hybrid asset mix. He also referenced views associated with Michael Saylor, mentioned a $335 million transaction in Boca Raton, and responded to questions about whether Cardone Capital plans to go public.
According to ChainCatcher, Grant Cardone, founder of real estate investment firm Cardone Capital, said commercial real estate is facing a historic reset.
He said that in a high-interest-rate environment, commercial property prices have fallen below replacement cost, creating an opportunity to store wealth through Bitcoin.
Cardone said his target is to hold 25,000 apartment units while accumulating 25,000 BTC on the company’s balance sheet.
He described real estate as a "Trojan horse" for his Bitcoin allocation strategy and outlined Cardone Capital’s Bitcoin-real-estate deal model, which relies on property cash flow to keep increasing its Bitcoin holdings. The firm’s stated target is to raise that position from 3,000 BTC to 25,000 BTC.
Cardone also said traditional REITs cannot hold Bitcoin, which he described as a competitive barrier for the company, and added that he views Bitcoin and real estate as an ideal hybrid asset combination.
He also discussed views related to Michael Saylor, referenced a $335 million transaction in Boca Raton, and responded to whether Cardone Capital would pursue a public listing.
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