Schiff Slams Cardone's Real Estate-Bitcoin Hybrid Strategy

Peter Schiff has disputed Grant Cardone's strategy of using rental income from real estate to buy Bitcoin. According to Schiff, real estate investors don't need Bitcoin because rental income already covers property costs like repairs and maintenance.

Cardone Capital has been buying Bitcoin using cash flow from multifamily properties and launched a fund combining real estate and Bitcoin to offer investors crypto exposure without direct purchase.

Schiff disagrees with Cardone's view that Bitcoin should be held as a reserve asset by real estate firms, saying it adds unnecessary volatility.