The price of gold has skyrocketed to a new all-time high, pushing its total market capitalization above $30 trillion, making it far larger than Bitcoin and even the world’s biggest tech companies.
According to reports, the price of gold surged to $4,357 per ounce on Thursday, lifting the total value of all mined gold to a record $30 trillion. This means that gold’s market capitalization is now about 14.5 times larger than Bitcoin’s, which currently stands around $2.1 trillion.
Gold’s value also exceeds the combined market capitalization of the “Magnificent 7” tech giants — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla — whose total worth is approximately $20 trillion.
Since the beginning of the year, gold’s price has jumped 64%, driven by concerns over dollar debasement, geopolitical tensions, and trade tariff issues.
Meanwhile, some analysts believe that once the gold market cools, a portion of this capital could flow into Bitcoin, often referred to as “digital gold.”
Crypto analyst Sykodelic noted, “Gold added over $300 billion to its market cap today — it’s been adding an entire Bitcoin market cap in just one week.”
While Bitcoin has risen only 16% since January and still remains around 14% below its all-time high, many analysts suggest this performance gap won’t last long — and that a powerful catch-up rally for Bitcoin may be on the horizon.
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