PANews reported on December 27 that Cardone Capital, a real estate investment company managing $4.9 billion in assets, has announced the launch of the 10X Space Coast Bitcoin Fund, which combines institutional-grade real estate with Bitcoin purchases. The fund has a size of $87.5 million.
Grant Cardone, founder and CEO of Cardone Capital, stated: "After more than 11 years of research on Bitcoin, we have developed a method that combines the stability of cash flow real estate with the growth potential of Bitcoin. We will continue to target a 12%-15% internal rate of return as the basis for real estate investments, while this hybrid strategy has the potential to enhance overall returns."
