Bitcoin market cap compared to gold
Nov 11, · Should bitcoin cash flip the market cap of gold given current data, the resultant price is a shimmering $, per coin. None of this is to factor in . Aug 04, · Market Cap: $ billion (Bitcoin) vs $ trillion (Gold) Given the respective prices of both Bitcoin and gold, the total market cap of circulating supply for each asset comes in at $ billion for Bitcoin and $ trillion for gold. That makes Bitcoin over 60 times smaller than gold—or % of gold’s current market cap. Aug 18, · Gold Versus Bitcoin: Market Cap At the present time of writing, gold’s market cap is around $9 trillion USD. Bitcoin’s market capitalisation sits currently at $ billion USD. Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation.
Bitcoin market cap compared to goldAt What Price Will Bitcoin's Market Cap Equal Gold & Reserve Currencies?
The recent bullish trend in crypto while precious metals cool down has caused gold bugs to come out in droves to bash Bitcoin. Given the scarce BTC supply and simple math, the upside in Bitcoin is enormous compared to gold, which might be on its way out as a monetary standard for the first time in its history. Could you be next big winner? I consent to my submitted data being collected and stored.
Bitcoin on the other hand has had a strict supply schedule hard coded into its consensus rules since day one. Those rules recently led to its annual supply inflation dropping from 3. Every day, a fairly predictable amount of bitcoin is emitted into the economy, unlike physical commodities like gold, which vary more widely in production. One area that gold can clearly trump Bitcoin is in its history as a scarce asset.
Gold is well known for having a year history as a store of value and medium of exchange. For centuries it has been hoarded by kings, private individuals, nation states and central banks. In contrast, Bitcoin has only 11 years and 7 months record as an operational public ledger. However, since going live on January 3rd , the Bitcoin network has maintained an uptime of Other more recent narratives for Bitcoin include being a reserve currency for crypto—think liquidity for much smaller cap ETH, USDT, etc—and as a negatively correlated asset to more traditional financial investments.
There is no guarantee that this will happen—but central banks must be holding all that gold for some reason, right? What are the long term implications for scarce assets like gold and Bitcoin? View all posts by coinsmash. This site uses Akismet to reduce spam. Learn how your comment data is processed.
Skip to content. Pure gold leaf suspended in water Properties: Digital Bitcoin vs Physical Gold Gold is one of elements on the periodic table. Then how are you going to pay for things on Mars? Share this: Twitter Facebook. Like this: Like Loading