Cardone Capital has launched the “10X Miami River Bitcoin Fund” combining 346 residential units in Miami, Florida with $15 million in Bitcoin holdings.
The firm, founded by real estate mogul Grant Cardone, aims to capitalize on the long-term potential of Bitcoin while benefiting from the stable income and appreciation of real estate.
The fund's concept was inspired by a conversation with a friend who suggested looking at historical returns if cash flow from rental properties had been invested in Bitcoin over the past decade.
The performance projection shows the traditional real estate portion delivering stable returns, while the BTC portion is forecasted to soar to over $355 million by 2030, aiming to increase Bitcoin adoption within the real estate ecosystem.