Grant Cardone says he will keep buying bitcoin using real estate cash flows
Key takeaways
- The largest cryptocurrency has lost 4.7% this week.
- I’ve consistently promoted combining BTC to real assets and using cash flow from the real asset to dollar cost average into BTC through its volatility.
- His comment draws a distinction with the corporate bitcoin treasury model popularized by Strategy (MSTR), in which companies raise money by issuing stock or debt to buy bitcoin.
Cardone Capital, which has about $5.3 billion under management, uses the income generated from its real estate assets to buy bitcoin BTC$60,163.46 at regular intervals regardless of its price, smoothing out the expenditure in a process known as dollar-cost averaging. The largest cryptocurrency has lost 4.7% this week.
Cardone said the model was "inspired by treasury companies but with real assets and real cash flow," and called his firm the largest real estate-bitcoin hybrid in the world, with no institutional investors shaping its strategy.
I’ve consistently promoted combining BTC to real assets and using cash flow from the real asset to dollar cost average into BTC through its volatility. We work to improve the cash flow of the Real Estate and buy more BTC as it falls.Cardone Capital BTC hybrid was inspired by…