What Happens When You Try to Sell $10M in Gold? It’s Not Pretty

Juhi Mirza
Bitcoin digital gold
Source: Watcher Guru

The Bitcoin vs. gold debate is now gaining momentum again. The financial domain is currently divided into two groups at present. One group is busy promoting the benefits of having gold as an investment option, while the other group is sharing their opinions on Bitcoin, adding how it can be a capable substitute, touted as a digital gold on a broader financial plane. Here’s one of the recent analogies shared by Grant Cardone, CEO of Cardone Capital, stating how Bitcoin is certainly better than gold in this prospect.

Also Read: If Bitcoin Is Digital Gold, Ethereum Is Everything Else: Here’s Why

Grant Cardone: Bitcoin Vs. Gold Debate

Bitcoin-Gold
Source: Pixabay, Canva

Grant Cardone has often been noted for his strong Bitcoin opinions. In his latest interview snippet, Cardone was seen answering questions related to drawbacks of holding gold in this current age and era. Cardone further shared how it’s nearly impossible for a person to sell gold and silver at current market price, making it a task for a long-term investor.

Cardone shared how selling gold is quite a tedious task and that sometimes the metal is sold at 20% to 30% below the market price, bringing in losses for the investor.

“I know a guy who is trying to sell 10,000 pieces of silver, and he can’t get a real offer. He’s getting a 30% discount below the market. People see it spiking like this and they’re like, ‘OMG.’ But go try to sell $10M worth of gold and see what happens. You’ll only get offers 20-30% below the market, and you won’t get the money tomorrow or in five minutes. It needs to get authenticated, checked, and validated.”

Cardone later compared the metal’s inability to be sold smoothly to Bitcoin, stating how dealing with BTC is better than dealing with gold.

“Bitcoin is a real thing. You can trade it in five minutes, and that’s real. Bitcoin, to me, is not only money; it’s also technology, unlike gold or silver.”

Bitcoin’s and Gold’s Future

Per CoinCodex BTC stats, Bitcoin may explore the $82K mark at the latest by the end of 2026.

btc stats
Source: CoinCodex

“Bitcoin is forecasted to hit $80,215 by the end of 2026 (+2.69% compared to current rates), $166,372 by 2030 (+112.99%), $968,339 by 2040 (+1,139.65%), and $1.43M by 2050 (+1,736.23%). All values represent end-of-year price estimates according to our models.”

On the other hand, gold is projected to hit $8K by the end of 2026.

“Previous gold’s breakout resulted in a 65% gain over a 5-month period. Every leg up in this bull run that started in October 2023 becomes steeper and forms faster. Hence, I would not be surprised if gold reaches $8k or rallies the same 65% within 3-4 months or by late summer 2026…”

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