Grant Cardone: Crypto Is a 'Magnet for Degenerate Investing'

Grant Cardone joins CoinDesk Live at Consensus 2026 to discuss his real estate-Bitcoin hybrid strategy, where he buys distressed properties and stacks Bitcoin. He highlights a massive real estate correction cycle and gives a Bitcoin year-end target of $189,425. He criticizes crypto as degenerate investing and explains why REITs cannot replicate his approach. - Grant Cardone uses property income to buy Bitcoin in a real estate-Bitcoin hybrid strategy. - He bought a $235M property out of bankruptcy and stacked $100M of Bitcoin. - Michael Saylor advised him to drop real estate and just buy Bitcoin. - Cardone sees a multi-trillion dollar real estate correction due to maturing debt. - He calls crypto 'a magnet for degenerate investing' and contrasts it with long-term real estate. - He predicts Bitcoin will reach exactly $189,425 by year-end. - He notes that REITs are structurally unable to hold Bitcoin on their balance sheets. - The strategy only works when buying distressed real estate at a discount.