Cardone Capital, a real estate investment firm managing over $5 billion, has launched a new '10X Miami River Bitcoin Fund'. This fund is a hybrid product that simultaneously invests in a 346-unit commercial multi-family property located in Miami River, Florida, and Bitcoin (BTC) worth approximately $15 million.
According to CEO Grant Cardone, this is the company's fourth Bitcoin and real estate mixed investment fund, and they plan to increase their Bitcoin asset allocation by converting part of the monthly cash flow into Bitcoin. Cardone revealed that he was inspired to implement this strategy by his older brother's advice.
He stated, "My brother asked what would have happened if I had invested real estate profits in Bitcoin over the past 12 years" and explained that "if I had done so, $160 million would have grown to $3 billion." He further added, "So I decided to create a fund that purchases real estate, uses the generated cash to buy Bitcoin, and grows both sides simultaneously."
The fund is attracting attention for attempting to combine the stability of real estate assets with Bitcoin's growth potential, offering an alternative to traditional asset management methods while reflecting the expanding cryptocurrency adoption trend.
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