Peter Schiff rejects Bitcoin real estate strategy from Grant Cardone
Peter Schiff has pushed back against Grant Cardone’s plan to combine real estate income with Bitcoin accumulation, arguing that the structure does not solve a real problem for property investors.
Summary
- Peter Schiff said real estate does not need Bitcoin because rental income can cover costs.
- Grant Cardone uses multifamily rental income to buy Bitcoin inside dedicated investment vehicles for investors.
- Cardone Capital bought 282 BTC recently, adding to a broader real estate-backed treasury strategy plan.
The gold advocate made the comments after Cardone promoted a fund model that pairs income-producing properties with BTC holdings.
“Combining real estate with Bitcoin solves nothing,” Schiff wrote on X.
He said Cardone’s argument rests on the idea that REITs need Bitcoin on their balance sheets so they can sell it later to pay for repairs and maintenance. Schiff rejected that view and said rental income already covers those ongoing costs.
Cardone fund pairs property income with BTC
Cardone Capital has been building a strategy that uses rental cash flow from multifamily properties to buy Bitcoin over time. The firm recently launched the $87.5 million 10X Space Coast Bitcoin Fund, which holds real estate and Bitcoin through a dedicated investment structure.
Cardone has argued that the model gives traditional investors exposure to Bitcoin without asking them to buy the asset directly. He has also said many investors in his Bitcoin-linked real estate funds did not previously hold crypto, making the structure a bridge between property investing and digital assets.
Meanwhile, the disagreement centers on whether Bitcoin adds value to a real estate model that already creates steady rental income. Cardone has criticized traditional real estate investment trusts because they must distribute at least 90% of taxable income to shareholders. In his view, that structure limits their ability to hold Bitcoin as a reserve asset.
Schiff disagrees with the reserve argument. He said property companies can use rental income for repairs, upkeep and maintenance instead of adding a volatile asset to the balance sheet. He also offered to debate Cardone on the topic, showing that the dispute has moved beyond a simple social media reply.
Broader Bitcoin treasury push continues
Cardone Capital has continued buying Bitcoin during market weakness. As previously reported by crypto.news, the firm bought another 282 BTC worth about $18 million as Bitcoin traded near $62,000. The purchase added to a position built through rental income from selected multifamily properties.
Moreover, as earlier reported, Cardone Capital held about 1,000 BTC after a $10 million purchase in January. The firm has targeted 3,000 BTC by the end of 2026 and 10,000 BTC over the longer term across multiple investment vehicles.
Real estate and Bitcoin remain a split topic
The debate reflects a broader split over Bitcoin treasury strategies. Supporters say Bitcoin can serve as a long-term reserve asset and may improve returns if property income funds steady purchases through market cycles.
Critics say the model adds price risk to an asset class that already has its own cash flow, debt, insurance and maintenance needs. For them, Bitcoin does not make real estate more efficient. It simply adds a new source of volatility.