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Crypto

Bitcoin-linked real estate fund launches; Peter Schiff says it solves nothing

U.S. financier Peter Schiff criticised a bitcoin-linked real estate investment structure introduced by real estate investor Grant Cardone, saying combining real estate and bitcoin solves no problem. Cardone Capital has launched an $87.5 million 10X Space Coast Bitcoin Fund that links cash-flowing multifamily rental property with bitcoin purchases through a dedicated LLC, targeting returns of 22 to 32 percent. Cardone said many investors lacked prior crypto exposure, while Schiff questioned the need for bitcoin on balance sheets.

Crypto

Cardone Capital takes on U.S. REIT market with hybrid real estate-bitcoin structure

Cardone Capital is seeking to enter the U.S. real estate investment trust market with a hybrid structure that pairs large multifamily properties with bitcoin. CEO Grant Cardone said the approach could target higher returns than traditional REITs and attract investors without prior bitcoin exposure. The firm said it buys discounted institutional-grade apartments and holds both property cash flow and bitcoin in a separate LLC. It cited a Boca Raton deal totaling about $335 million.