Grant Cardone’s Bitcoin Endorsement Sparks Debate
In a recent social media outburst, billionaire investor Grant Cardone criticized gold as a store of value, while praising Bitcoin’s technological advantages. Cardone’s comments, which have not been widely covered in mainstream media, emphasize his belief in Bitcoin’s superiority over gold, particularly in terms of liquidity and technological innovation.
Cardone’s Bitcoin Advocacy
Earlier this week, Cardone revealed that his firm, Cardone Capital, has been actively purchasing Bitcoin during market downturns, notably when prices dropped to around $72,000. Cardone’s commitment to Bitcoin is unwavering, as he publicly stated he would continue to hold the cryptocurrency even if prices fall to $35,000.
His remarks on social media, suggesting that selling $10 million worth of gold would only yield 70% of its market value, contrast sharply with his view of Bitcoin as a more liquid and technologically advanced asset. This stance aligns with his previous statements about Bitcoin’s potential to revolutionize financial transactions.
Market Reactions and Trends
As of February 9, 2026, Bitcoin has rebounded to approximately $70,837 after experiencing a low of $62,500 last week. This recovery follows a period of high volatility, driven by the liquidation of leveraged long positions. Bitcoin had previously peaked near $96,929 in mid-January but has since stabilized around the $70,000 mark.
On the other hand, gold has also shown resilience, with prices in India rising to ₹1.58 lakh per 10 grams. Gold has experienced a significant rally over the past year, increasing by over 70% from its 52-week low and reaching a peak of $4,736 in late January.
Expert Opinions and Forecasts
JPMorgan analysts have expressed a bullish outlook for both Bitcoin and gold. Strategist Nikolaos Panigirtzoglou highlighted Bitcoin’s appeal on a volatility-adjusted basis, suggesting that a price of $266,000 would align with private-sector gold holdings. Meanwhile, JPMorgan forecasts gold could reach $6,300 per ounce by the end of 2026, driven by factors such as central bank purchases and geopolitical risks.
Despite the recent fluctuations in both markets, experts remain optimistic about their long-term prospects. Bitcoin’s technological edge and potential for widespread adoption continue to attract investors, while gold’s historical role as a safe-haven asset remains relevant amid economic uncertainties.
Implications for Investors
Cardone’s endorsement of Bitcoin over gold highlights the ongoing debate between traditional and digital assets. Investors are increasingly weighing the benefits of Bitcoin’s liquidity and technological innovation against gold’s stability and historical value. As both assets continue to evolve, market participants must consider their risk tolerance and investment goals when deciding between these two options.
In conclusion, Grant Cardone’s recent remarks underscore the dynamic nature of the investment landscape. As Bitcoin and gold navigate through market volatility, investors should stay informed and adapt their strategies to capitalize on emerging opportunities.
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