TechFlow news, June 5 — According to Decrypt, real estate entrepreneur Grant Cardone is launching an innovative investment model that combines Bitcoin with real estate in a single product. His new fund, the "10X Miami River Bitcoin Fund," uses 346 apartments along the Miami River as its "anchor asset," while allocating a portion of tenants' monthly rental payments toward strategic Bitcoin purchases.
Cardone said this model targets investors who may have limited knowledge of Bitcoin, allowing them to gain exposure to both traditional real estate and the cryptocurrency market. "Your cash flow might be slightly impacted, but essentially you're having your tenants buy Bitcoin for you," Cardone explained.
As CEO of Cardone Capital, his company currently manages $5 billion in assets and is headquartered in South Florida. The company is also reportedly interested in exploring mortgage products based on these new funds.
