Summary
- Grant Cardone has announced the launch of an $88 million fund combining Bitcoin and real estate.
- The fund aims for a 70% real estate and 30% Bitcoin ratio, with plans to purchase Bitcoin using cash flow from real estate.
- Currently, the fund's ratio is 85% real estate and 15% Bitcoin, and Grant Cardone reported that the response from investors is tremendous.
On the 22nd (local time), according to the cryptocurrency-focused media CoinDesk, Grant Cardone, a self-made millionaire and bestselling author, has launched an $88 million fund combining Bitcoin (BTC) and real estate.
This fund invests in Bitcoin using cash flow generated from real estate. The target asset ratio is 70% real estate and 30% Bitcoin, with plans to use monthly real estate cash flow to purchase Bitcoin over the next four years.
Currently, the fund's asset ratio is 85% real estate and 15% Bitcoin.
In an interview, Grant Cardone stated, "This particular model is something no one has tried," and "the response from investors is tremendous."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
