Grant Cardone says he will keep buying bitcoin using real estate cash flows amid price slide
By
Shaurya Malwa
Summary
Grant Cardone, CEO of Cardone Capital, used the recent bitcoin price slide to reiterate his strategy of using cash flows from real estate assets to buy bitcoin through dollar-cost averaging. His firm, managing about $5.3 billion in assets, buys bitcoin at regular intervals regardless of price. Cardone framed the model as a treasury company backed by cash-flowing property rather than stock sales, viewing the price drop as an accumulation opportunity.
Source
bskyGrant Cardone says he will keep buying bitcoin using real estate cash flows amid price slidecoindesk.comKey quotes
· 2 pulledWe work to improve the cash flow of the real estate and buy more bitcoin as it falls.
Cardone Capital, which has about $5.3 billion under management, uses the income generated from its real estate assets to buy bitcoin at regular intervals regardless of its price.
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