Peter Schiff: Rejecting Grant Cardone's Bitcoin real estate strategy

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CryptoWorld News reports that Peter Schiff opposes Grant Cardone's plan to combine real estate income with Bitcoin accumulation, believing that the structure does not address the real issues faced by real estate investors. Schiff points out that Cardone's argument is based on REITs needing to hold Bitcoin on their balance sheets to sell in the future to pay for repairs and maintenance, but he believes that rental income is already sufficient to cover these ongoing costs. Cardone Capital recently launched an $87.5 million 10x Space Coast Bitcoin fund, aiming to gradually purchase Bitcoin through rental cash flow. Cardone believes this model offers traditional investors indirect exposure to Bitcoin without directly purchasing the asset. The debate between the two centers on whether Bitcoin adds value to a real estate model that already generates stable rental income. Schiff argues that real estate companies can use rental income for repairs instead of increasing volatility assets on their balance sheets.
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OldKeyboardTraitor
· 5h ago
8750万刀听着唬人,但REIT持币再卖来付维护费,这链条太长,中间汇率波动一下,维护费可能直接翻倍。
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Semi-MeltedIceCream
· 6h ago
Cardone Capital’s marketing this time is flawless—“10x Space Coast” is a name that really hits—but the core question is: should the rent tenants pay be used to maintain the property, or to “nurture/raise” crypto?
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MintAfterCoffee
· 6h ago
Schiff makes a valid point; rental cash flow should be stable in the first place. Forcing Bitcoin into it indeed adds an extra layer of volatility risk. Cardone's approach seems more like telling a story to high-net-worth clients.
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