Grant Cardone: Crypto Is a 'Magnet for Degenerate Investing'
Speakers
Grant Cardone
— Founder, 10X Growth Con
Summary
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.
Trade Ideas
Bitcoin year-end target $189,425
Grant Cardone predicts Bitcoin will reach $189,425 by year-end, based on his view that combining real estate with Bitcoin creates a superior investment vehicle, but does not provide a detailed fundamental thesis for the price target.
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This CoinDesk video, published May 13, 2026, features Grant Cardone discussing BTC. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Grant Cardone · Tickers: BTC