A debate has broken out between Bitcoin supporter Grant Cardone and gold advocate Peter Schiff over whether Bitcoin belongs in real estate investing.
Schiff criticized Cardone’s strategy of using rental income from real estate properties to buy Bitcoin. He argued that the idea does not solve any real problem for property investors.
According to Schiff, real estate already generates steady rental income that can be used to cover expenses such as repairs, maintenance, and operating costs. Because of that, he believes there is no need to add Bitcoin to the balance sheet.
Cardone sees things differently. Through Cardone Capital, he has been buying Bitcoin with cash generated from multifamily rental properties. The company recently launched the $87.5 million 10X Space Coast Bitcoin Fund, which combines income-producing real estate with Bitcoin holdings.
Cardone says the model gives traditional investors a way to gain Bitcoin exposure without having to buy and manage the cryptocurrency themselves. He also noted that many investors in these funds had never owned crypto before.
The disagreement highlights a larger debate in the investment world. Supporters believe Bitcoin can act as a long-term reserve asset and potentially boost returns over time. Critics argue that adding Bitcoin introduces extra risk and volatility to an investment class that already faces challenges such as debt, insurance, and property maintenance.
Despite the criticism, Cardone Capital continues to expand its Bitcoin holdings. The company recently purchased another 282 BTC worth around $18 million and has set a goal of holding 3,000 BTC by the end of 2026, with a long-term target of 10,000 BTC across its investment funds.
As the discussion grows, Schiff has even offered to debate Cardone publicly, turning a social media disagreement into a wider conversation about the future role of Bitcoin in traditional investments.
