Grant Cardone’s real estate investment firm is buying into Bitcoin (BTC).
The outspoken real estate investor notes that Cardone Capital added approximately 1,000 BTC to its balance sheet.
[adinserter block="1"]Cardone says the firm is the “first ever real estate/BTC company integrated with full BTC strategy, combining the two best-in-class assets.”
He also says the firm plans to add another 3,000 BTC to its balance sheet this year.
With BTC trading at $105,400 at time of writing, Cardone Capital’s 1,000 BTC investment is currently worth $105.4 million. The top-ranked crypto asset by market cap is up more than 4.5% in the past 24 hours.
Cardone says the concept of saving money will just cause investors to lose purchasing power.
“You can NOT save money! You either spend it, lose it or invest it. There is NO such thing as saving.
Every US Dollar should come with ‘saver beware’ warning, ‘The purchasing power of this note will decline in purchasing value.'”
Cardone Capital currently sports a portfolio of more than 14,200 units with a total value of $5.5 billion, per the firm’s LinkedIn account. The firm raises money from the public by launching equity funds available for retail traders.
Cardone says the firm also plans to add 5,000 additional units this year.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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