Peter Schiff, known as a cryptocurrency skeptic, criticized U.S. real estate investor Grant Cardone's Bitcoin-linked real estate investment product, stating that "there is no need to introduce Bitcoin into real estate." Earlier, Cardone launched the $87.5 million '10X Space Coast Bitcoin Fund,' structured to acquire additional Bitcoin using rental income. Regarding this, Schiff stated, "Connecting real estate and Bitcoin solves no problems," and "I do not agree with the claim that real estate needs Bitcoin." Cardone had explained that the product could complement the limitations of traditional REITs and aims to provide investors with returns of 22-32%.
