Cardone Capital Plans to Increase Holdings by 500 BTC Through Real Estate Refinancing

Grant Cardone, founder of Cardone Capital, stated that his mixed investment platform in real estate and Bitcoin has attracted approximately 3,000 investors over the past 18 months, with a transaction volume reaching $1 billion. The first project involved acquiring a property for $72 million and allocating $17 million in Bitcoin, with the property generating about $360,000 in monthly cash flow used to purchase Bitcoin. The project plans to refinance the property and use the loan to buy an additional 500 BTC, increasing the total holdings to around 700 BTC. The fund charges a 1% management fee and sets an 8% preferred return rate, with any excess split 50/50. Cardone claims that Bitcoin accounts for about 20% of his personal investment portfolio. Meanwhile, economist Peter Schiff questions the fund's structure, arguing that investors could buy Bitcoin directly without paying management fees and giving up half of the excess returns. Schiff admits that it was a mistake to miss buying Bitcoin below $100, but still believes Bitcoin has failed to become a currency, calling it essentially a "digital pyramid scheme." He stated that the likelihood of gold doubling in the next three years is higher than that of Bitcoin and is willing to bet against Cardone.

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