Grant Cardone, CEO of Cardone Capital, sits down with Scott Melker to discuss how pairing a property purchase with a bitcoin ( BTC-USD ) position drew non-crypto users, older investors, and much larger checks.
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50% had never invested in real estate with me before, and I've been doing it for 40 years. 40 years I've been offering this audience.
And they never did it. And I added the Bitcoin, they're like, I'll do that.
I don't I don't exactly know why I have some ideas. And the other thing is the check size went up.
80% of the people that invested with me in the first fund had never had owned no Bitcoin. 50% had never invested with me, 80% never didn't own any Bitcoin.
The age group went up about 15 years and the the check size went up about four times.
I think there's a lot of people out there that don't want to be involved in Bitcoin because they're like, if I buy it right now, I'm going to be wrong.
I know that that's always been an issue for me. Not I not only do I not want to lose money, I really don't want to be wrong.
You know, and and you know, the real estate investors are very conservative, um, anti-money. They don't want to just keep cash. They know that cash is being deteriorated. You didn't you don't have to sell them on this the monetization or the, you know, degradation of the US dollar. They've always known that. That's why I first invested in real estate was because I had this cash and I'm like, I need I want to do something with it.
Um, and I I I think to them it's like, I like the real estate. The real estate's the eye candy. You know, it's a beautiful piece of real estate. I believe Grant, I believe Grant knows what he's doing in real estate.
Now he added this little lottery ticket to it that I don't quite understand. You know, these people are not reading the Bitcoin standard. They don't know what Bitcoin's trading for today. They're not looking at it every five minutes the way uh the the the degenerates do.
And uh uh and they haven't read the white paper. They don't know who Mike Sailor is. They they don't need all those stories. Like the I'm showing them the real estate. Hey, it's a great piece of real estate. The first the first deal was 72 million bucks.
It should have sold for 85. We stacked it with the difference. I basically just put 13 or 14 million of difference of Bitcoin rather than just getting a discounted piece of real estate. We put the two together and we just wait for the rents to get better and the Bitcoin to get better.
Uh and they own a position of all that.
