What is the current market cap of Bitcoin compared to gold?
alirewzDec 17, 2021 · 3 years ago5 answers
Can you provide an update on the current market capitalization of Bitcoin in comparison to gold? I'm interested in understanding how the two assets stack up in terms of their overall value in the market.
5 answers
- Dec 17, 2021 · 3 years agoAs of the latest data, the market capitalization of Bitcoin is around $1 trillion, while the market cap of gold is estimated to be around $11 trillion. This means that Bitcoin's market cap is currently around 9% of the market cap of gold. It's worth noting that the market cap of Bitcoin has been steadily increasing over the years, and it has gained significant attention as a digital store of value.
- Dec 17, 2021 · 3 years agoThe current market cap of Bitcoin compared to gold is quite interesting. Bitcoin's market cap is around $1 trillion, which is a significant milestone for the cryptocurrency. In contrast, the market cap of gold is estimated to be around $11 trillion. While Bitcoin's market cap is still a fraction of gold's, it's important to consider that Bitcoin is a relatively new asset class and has gained a lot of popularity in a short period of time.
- Dec 17, 2021 · 3 years agoAccording to recent data, the market capitalization of Bitcoin is approximately $1 trillion, while the market cap of gold is estimated to be around $11 trillion. This means that Bitcoin's market cap is currently around 9% of the market cap of gold. It's interesting to see how Bitcoin, a digital currency, has gained such a significant market cap in comparison to gold, which has been a traditional store of value for centuries. This shows the growing acceptance and adoption of cryptocurrencies in the financial world.
- Dec 17, 2021 · 3 years agoThe current market cap of Bitcoin compared to gold is quite impressive. Bitcoin's market cap is around $1 trillion, which is a remarkable achievement for a digital asset. In contrast, the market cap of gold is estimated to be around $11 trillion. While Bitcoin's market cap is still a fraction of gold's, it's important to note that Bitcoin has gained a lot of attention and interest from institutional investors and the general public. This has contributed to its rapid growth and increasing market cap.
- Dec 17, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, provides real-time market data on the market capitalization of Bitcoin compared to gold. As of the latest update, Bitcoin's market cap is approximately $1 trillion, while the market cap of gold is estimated to be around $11 trillion. This means that Bitcoin's market cap is currently around 9% of the market cap of gold. It's interesting to see how Bitcoin, a digital asset, has gained such a significant market share in comparison to gold, a traditional store of value.
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