Bitcoin is trading at $105,700, down 5.1% in the last 24 hours. The total cryptocurrency market capitalization has fallen below $2.10 trillion. While investors in the market are taking a cautious stance, famous real estate billionaire Grant Cardone, on the contrary, continues to aggressively buy.
Cardone's investment company Cardone Capital purchased another 200 Bitcoins this week. This purchase came immediately after a recent additional investment of 300 BTC and once again showcased Cardone's long-term confidence.
Speaking to Bitcoin Magazine, Cardone defined Bitcoin as a 'wealth multiplier', stating that fiat currencies have lost value in the long term and have failed to preserve wealth. He said, 'Savings do not make you rich because your money erodes every day. Bitcoin breaks this cycle.'
Accumulation of Bitcoin from Rental Income
Cardone's investment model works differently from traditional approaches. Instead of making direct purchases, the company converts rental income from real estate into Bitcoin. Thus, tenants indirectly contribute to Cardone's digital asset portfolio.
According to the fund structure, each investment portfolio initially contains 15% Bitcoin, and this ratio is gradually increased to 50% to establish a balance between real estate and crypto. This strategy combines the stable income from real estate with the growth potential of Bitcoin.
Cardone summarizes this as follows:
'Tenants are actually buying Bitcoin for investors. This model is not supported by Bitcoin — it merges with Bitcoin.'
Some analysts refer to this structure as the 'MicroStrategy model' for real estate investors because investors can gain exposure to BTC without directly taking on wallet or custody risk.
Bitcoin Price Outlook
On the technical side, Bitcoin broke down from the triangle formation last week, retreating to support levels of 105,000 and 103,500 dollars. The price is currently moving within a descending channel. The downward trend of the 20 and 50 EMAs increases selling pressure, while the RSI indicator approaches 25, signaling oversold conditions.
In the short term, the range of 107,500–110,800 dollars stands out as resistance, while the 101,600–99,000 dollar region serves as support. Continued institutional purchases and oversold conditions may pave the way for a new recovery wave in the last quarter of the year.
