Peter Schiff says Bitcoin adds no value to real estate. Grant Cardone launched $87.5 million fund combining property and Bitcoin. Cardone targets traditional investors while challenging exist
Financial commentator Peter Schiff has criticized Grant Cardone’s latest investment vehicle, arguing that adding Bitcoin to real estate investments does not improve the underlying business model. Schiff’s comments came as Cardone Capital continues promoting its newly launched $87.5 million 10X Space Coast Bitcoin Fund. The fund combines income-producing multifamily properties with Bitcoin purchases, creating a structure that gives investors exposure to both asset classes.
Grant Cardone unveiled the strategy during the Consensus Miami 2026 conference. Under the model, rental income generated by the real estate portfolio will help fund ongoing Bitcoin acquisitions. Cardone believes the approach can offer investors an alternative to traditional property investment products while also increasing Bitcoin exposure over time.
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According to Schiff, combining Bitcoin with real estate solves no existing problem within the property investment sector. He challenged the idea that real estate companies need digital assets on their balance sheets to strengthen their operations or improve returns. The longtime Bitcoin critic also pushed back against Cardone’s broader criticism of Real Estate Investment Trusts. Cardone has argued that traditional REIT structures limit innovation because they must distribute at least 90% of taxable income to shareholders.
As a result, Cardone believes many REITs lack the flexibility to accumulate Bitcoin as a reserve asset. He has suggested that this requirement prevents the industry from adapting to changing market conditions and new investment opportunities. He argued that property investment firms have operated successfully for decades without relying on Bitcoin holdings and do not require cryptocurrency reserves to manage expenses or future growth.
While Schiff dismissed the concept, Cardone sees significant potential in the hybrid investment model. Cardone Capital is targeting annual returns between 22% and 32% through the fund’s combined real estate and Bitcoin strategy. Additionally, Cardone revealed that nearly 80% of investors participating in the firm’s Bitcoin-focused real estate products previously had little or no exposure to cryptocurrency markets.
Moreover, Cardone has argued that blending cash-flowing properties with Bitcoin could create a new category of investment products aimed at bridging traditional finance and digital assets. The disagreement highlights the continuing divide between Bitcoin supporters and critics. While advocates increasingly promote Bitcoin as a strategic reserve asset, skeptics such as Schiff continue to question its role within established investment sectors.
Schiff’s latest remarks have placed Cardone’s Bitcoin property fund under renewed scrutiny. Nevertheless, Cardone remains committed to expanding the strategy as firms continue exploring ways to combine traditional investments with digital assets.
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The post Peter Schiff Fires Back at Grant Cardone’s Bold Bitcoin Property Fund appeared first on 36Crypto.
