Grant Cardone, founder of real estate investment firm Cardone Capital, says commercial real estate is undergoing a historic reset — and he is using the downturn to accumulate Bitcoin.

In an interview published by Bitcoin Magazine, Cardone explains how high interest rates are pushing properties below replacement cost and describes how he fills that gap by holding Bitcoin on his balance sheet. He also lays out his stated goal of owning 25,000 apartments and 25,000 BTC, and why he calls real estate his “Trojan horse” for Bitcoin.

The interview sits at the intersection of two asset classes investors typically hold separately: a real estate investment firm adding Bitcoin to its balance sheet amid elevated financing costs, with the conversation citing 6.4% interest rates across commercial property. Cardone presents the pairing as a hybrid asset and as a competitive moat, pointing to what he describes as REITs’ inability to hold Bitcoin.

The full interview is available on Bitcoin Magazine’s YouTube channel.

Topics covered in the interview include:

• The commercial real estate reset and 6.4% interest rates
• How Cardone Capital’s Bitcoin real estate deals are structured
• Why REITs can never own Bitcoin, which Cardone describes as his competitive moat
• The path from 3,000 to 25,000 BTC, with real estate serving as the “Trojan horse”
• Michael Saylor’s “P word” and the $335 million Boca Raton deal
• Whether Cardone Capital will go public
• Why commercial real estate faces a historic crash
• Why single-family home prices won’t correct
• Why Bitcoin and real estate are described as the perfect hybrid asset
• Why other real estate investors cannot copy this strategy

Among the markers to track going forward are the scaling path from 3,000 toward 25,000 BTC, progress toward the 25,000-apartment goal, the $335 million Boca Raton transaction, and a decision on whether Cardone Capital goes public.

Disclaimer: The views and opinions expressed in the interview are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. The content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing in the interview constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post first appeared on Bitcoin Magazine and was written by Patrick Green.