PANews reported on December 27 that according to Globenewswire, Cardone Capital, a real estate investment company that manages $4.9 billion in assets, announced the launch of the 10X Space Coast Bitcoin Fund, which combines institutional-grade real estate with Bitcoin purchases. The fund size is $87.5 million.
Grant Cardone, founder and CEO of Cardone Capital, said: "After more than 11 years of researching Bitcoin, we have developed a way to combine the stability of cash flow real estate with the growth potential of Bitcoin. We will continue to target a 12%-15% internal rate of return as our underlying real estate investment, while having the potential to increase total returns through this hybrid strategy."
