Grant Cardone, founder and CEO of Cardone Capital, has introduced a new fund that invests property-generated cash flow into bitcoin. Cardone purchased an apartment complex in Melbourne, Florida for $72 million and invested an additional $15 million in bitcoin into the fund. The cash flow from the property will be used to purchase bitcoin on a monthly basis for the next four years, gradually shifting the fund's asset ratio to 70% real estate and 30% bitcoin. Cardone's projections assume that bitcoin will reach $1 million per coin within the next five years. He plans to roll out 10 similar projects before June, with a total investment of $1 billion. Cardone Capital may end up with a bitcoin reserve potentially worth hundreds of millions of dollars. Cardone has a large following on social media and manages 15,000 real estate units. He plans to raise capital by issuing corporate bonds and putting up combined mortgages against the projects. Cardone also mentioned the possibility of the firm going public in 2026. While he does not plan to sell bitcoin in the immediate future, he acknowledges the concerns about the growing frenzy surrounding cryptocurrencies.



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