realestate

Grant Cardone Invests in Bitcoin-Backed Real Estate

Cryptocurrency investing gains popularity, driven by Bitcoin's continued success.

B
itcoin's popularity as an investment option has grown significantly, with its price recently surpassing $100,000. Since programmer Laszlo Hanyecz used 10,000 BTC to buy two pizzas in 2010, investors have experimented with various ways to use the cryptocurrency. One investor, Grant Cardone, is using Bitcoin to purchase real estate and then taking it public.

    Cardone's strategy involves buying a property worth $88 million for $72 million, adding $15 million worth of Bitcoin to the transaction, and creating a separate fund combining both values. He then allows his audience to invest in this Bitcoin-real estate fund, which generates a monthly cash flow of around $350,000, used to purchase more Bitcoin. This approach allows Cardone to increase his investment value over time.

    Industry experts suggest that using Bitcoin to invest in real estate depends on one's risk tolerance and time horizon. Long-term holders may consider converting a portion of their Bitcoin to real estate for diversification, as it offers passive income opportunities and can hedge against crypto volatility. However, if the Bitcoin price rises shortly after purchase, investors may experience buyer's remorse.

Grant Cardone invests in Bitcoin-backed real estate development project globally.