Under management, a real estate investment firm Cardon Capital, with more than $ 5 billion in property, launched the 10x Miami River Bitcoin Fund, a dual-deficit fund, with 346-un-colored multinational commercial property and 15 million dollars of Bitkoin 346-United Multinate Commercial Property and Bitcoin dollars located on the Miami River in Miami, Florida (Miami, FloridaBTC,
In an interview with Cointelegraph, Grant Cardon, founder and CEO of Cardon Capital, stated that the Miami River Bitcoin Fund, the fourth mixed investment vehicle of the firm, which is BTC and commercial multiputeal immovable estate, which will convert a part of its monthly cash flow to BTC.
Cardon said Cointelegraph the Impetus followed a suggestion from his brother to start the fund. CEO said:
“My brother told me, you should see if you must have converted all your cash flow from real estate to bitcoin and what will happen in the last 12 years. Okay, it would have taken $ 160 million and changed it to about $ 3 billion.”
“So, when I saw that, I said I am going to make a fund where we buy real estate, add bitcoins, and then use cash flow from real estate purchase to buy more bitcoins,” the CEO continued.
The CEO also informed the Cointeletgraph that the long -term target of Cardon Capital is to deposit $ 1 billion in BTC and deposit $ 200 million, which will be held as a treasury asset in hybrid funds.
Unique view of money Income-produced rigid property and bitcoin A store of value can disrupt the market for real estate investment trusts (REITs), market-displayed funds provide investors access to the baskets of income-producing assets, and other traditional Commercial real estate Investment vehicle.
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The CEO stated that he wants to take investors and tenants equally on the ship for bitcoin and exposes them to a digital asset, without them to get technical knowledge necessary to understand how bitcoin works.
An prize program, which was paid in Satoshi, long -term tenants who pay timely and demonstrate good tenant behavior, an idea that real estate investment firm is Muling, Cardon told cointelegraph.
Hybrid Real Estate is one of the goals of BTC Fund Bitcoin adopt And provide investors, which will avoid bitcoin due to removing technical obstacles to enter, with otherwise coming into contact with digital assets, the CEO said.
The CEO said, “We are putting people in a real estate vehicle that they understand and buy bitcoins for them.”
Cardon also told cointelegraph that he was working with other financial firms, providing customers to make a hybrid bitcoin mortgage product to make a borrowing against their joint bitcoin holdings and equity against equity in a real estate investment against equity.
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