Key facts
- Grant Cardone believes a "real estate Armageddon" is occurring.
- He sees high interest rates as a factor pushing properties below replacement cost.
- Cardone is using Bitcoin as a hedge and a way to store wealth.
- His goal is to own 25,000 apartments and 25,000 Bitcoin.
- He refers to real estate as a "Trojan horse" for Bitcoin.
Real estate investor Grant Cardone believes the commercial real estate market is experiencing a significant downturn, which he refers to as "Armageddon." He attributes this to high interest rates that are pushing property values below their replacement cost. Cardone is leveraging this situation to aggressively acquire properties and simultaneously accumulate Bitcoin as a hedge and a method for storing wealth. He has set a goal of owning 25,000 apartments and 25,000 Bitcoin, viewing real estate as a "Trojan horse" to facilitate his Bitcoin accumulation strategy. Cardone also discussed how his company, Cardone Capital, structures its Bitcoin real estate deals and why he believes REITs cannot compete with his strategy. He mentioned a $335 million deal in Boca Raton and referenced Michael Saylor's "P Word" strategy.