Cardone pushes crypto–real estate funds as Trump eyes housing

Grant Cardone is promoting a series of Bitcoin–real estate funds that would combine cryptocurrency holdings with apartment portfolios. The plan, which spans 10 vehicles, targets a total allocation of 10,000 BTC and 15,000 apartment units. The push comes as the Trump administration weighs measures that could reshape the U.S. housing market, including restrictions on large institutional purchases of single-family homes and expanded use of 401(k) funds for down payments.

Cardone Capital introduced the hybrid model in December 2024. Cardone argues the structure pairs apartment rental income and tax benefits with Bitcoin’s liquidity and potential long-term upside. He has compared traditional real estate returns of about 12% to 14% a year with a higher target for the hybrid, which he has suggested could reach 35% annually based on the firm’s assumptions.

The company plans to keep Bitcoin at 15% to 50% of fund assets and use property cash flow to build its coin holdings over time, rather than depend on borrowing. Cardone projects about $10 million in annual net operating income from properties in the strategy and intends to direct that income to regular Bitcoin purchases.

Three funds have been launched. The 10X Space Coast Bitcoin Fund combines 300 apartment units in Melbourne, Florida, with roughly $15 million in Bitcoin. The 10X Miami River Fund ties 346 apartments on the Miami River in South Florida to about $300 million in assets. Cardone Capital reports both Space Coast and Miami River were oversubscribed. A third vehicle, the 10X Boca Raton Bitcoin Fund, is planned to pair $100 million with 366 apartment units.

The firm disclosed $72 million in Bitcoin purchases in October and November. Cardone has publicized his stance by placing a Bitcoin logo on the belly of his private jet.

Cardone maintains the hybrid aims to reduce risk compared with corporate Bitcoin treasuries that rely on leverage. He argues many such companies borrow to buy Bitcoin and face pressure to sell in downturns, while apartment demand generates rental income that can fund steady accumulation.

The timing coincides with housing measures under development at the White House. The administration is exploring a proposal to prevent large institutional investors from buying single-family homes, which Trump has argued limits inventory for individual buyers. A separate plan, expected to be outlined at the World Economic Forum in Davos, would allow Americans to use money from their 401(k) accounts to help cover down payments.

Officials have also directed Fannie Mae and Freddie Mac to purchase up to $200 billion in mortgage-backed securities to help lower mortgage rates and support refinancing. Recent averages are about 6.06% for a 30-year fixed loan and 5.38% for a 15-year.

Cardone praised the policy direction: “President Trump and the administration is very aggressively looking at how the American people can have money and financial systems stable and doing well for them both in tokens and Bitcoin […] and also in housing.”

As reported earlier by GNcrypto, Cardano founder Charles Hoskinson criticized Donald Trump’s crypto policy as extractive, saying White House actions eroded investor trust and derailed bipartisan reform expected in early 2025. He cited the launch of Trump Coin, which he said spurred a wave of memecoins, investor losses, and a market downturn. Hoskinson said the turmoil helped sink the GENIUS Act and the Clarity Act and described policy-making as fragmented. He also objected to ADA, XRP, and Solana being labeled part of the president’s crypto reserve without consultation, warning the reform window may be closed until 2029.