Grant Cardone
๐ค SpeakerAppearances Over Time
Podcast Appearances
And so I just took it and watched it.
And then I started playing with it every once in a while.
I'd buy some or, you know, buy a piece and.
And then last year, I said, what if I could start combining real estate and Bitcoin together?
Because I was on a debate.
You might have been on that debate on a space.
I remember.
It was a what's better, Bitcoin, real estate or gold, gold.
And I said, well, you know, I don't think it was gold, actually.
I think it was something else.
Anyway, and so last year we took we bought a 230 million dollar asset from Blackstone.
It was $130 million below replacement costs.
Instead of stealing the real estate, simply stealing the real estate, we said, hey, we bought discounted real estate.
And a discount is invisible.
There's really no value in a discount except that it's a lower price.
You had a lower entry.
But when you sell it, all you're going to do is make the difference.
you know, between what you stole it at and what the market value is.
Well, instead of just taking the discount, I already have $5 billion worth of real estate.
We just stacked a hundred million dollars of Bitcoin on top of it.