According to Odaily Planet Daily, Cardone Capital, a real estate investment company that manages $4.9 billion in assets, announced the launch of its 10X Space Coast Bitcoin Fund, combining real estate investment with Bitcoin purchases. The fund size is $87.5 million. Grant Cardone, founder and CEO of Cardone Capital, said they invented a way to combine the stability of cash flow real estate with the growth potential of Bitcoin.
The company plans to continue to target an internal rate of return of 12%-15% on its underlying real estate investments, while potentially improving total returns through this hybrid strategy.
