G
rant Cardone, a prominent real estate tycoon, has launched an innovative investment fund that combines real estate with cryptocurrency, generating significant buzz in Florida. The fund aims to stabilize volatile cryptocurrencies by balancing Bitcoin investments with steady cash flow from a portfolio of 300 residential properties.

    Cardone plans to raise $87.5 million through the fund, requiring a minimum investment of $250,000 per investor. He purchases properties and Bitcoin outright, then offers them to investors at the same price, eliminating debt. The cash flow from these properties will be used to buy an additional $14 million in Bitcoin over 48 months.

    This strategy is expected to yield strong returns, with Cardone predicting that Bitcoin could grow to around $30 million in four years based on past performance. He believes this approach reduces the volatility of Bitcoin by pairing it with a steady cash flow from real estate investments. Investors will retain ownership of both assets and receive their initial capital back at the end of 48 months.

    Cardone's fund will focus on properties along Florida's Space Coast, which has become increasingly attractive due to its proximity to the Kennedy Space Center and Cape Canaveral. The region offers a range of homes, from affordable starter homes to luxury estates, with prices varying from $99,000 to over $6 million.

    The area's appeal is further boosted by Elon Musk's SpaceX and Blue Origin's significant investments in the region. Cardone has expressed admiration for Musk and notes that his company owns about 10,000 units in Florida, including an apartment building where residents can watch rockets launch from their patios.