💰 BTC vs Gold: Bitcoin Quietly Nears Historic Market Cap Mi
Monnie Brunt OkvK
Updated at: 4 hours ago
{"content":"💰 BTC vs Gold: Bitcoin Quietly Nears Historic Market Cap Milestone! 🪙🏆
On July 14, Bitcoin (BTC), the biggest cryptocurrency in the world, reached an all-time high (ATH) of $123,091.
Gold has also seen a big rise, going up 35% in the previous year. It might reach its own record price of $3,600 per ounce in the second half of 2025.
Bitcoin's market size is presently around $2.36 trillion, while the precious metal's market cap is over $22.57 trillion.
That is, Bitcoin is currently worth 10% of gold's market value, making it the sixth biggest asset by that measure, according to Companies Market value.
In terms of ranking, the currency has passed silver, which is currently in eighth place, just behind Alphabet (NASDAQ: GOOGL).
The market is wondering whether Bitcoin may beat gold as both assets are making big gains.
As of this writing, the price of gold was $3,355 per ounce. This means that the investment will make over 27.86% more than the price on January 1, which was $2,624.
Bitcoin, on the other hand, was worth $119,087. We gain a return on investment (ROI) of 27.48%, which is about the same as the average price of $93,425 on January 1.
As a result, a lot of experts are positive. For example, Dan Held thinks that Bitcoin will really pass gold's market cap. Held says that when it occurs, 1 BTC will be worth $1.1 million.
Matt Hougan, the Chief Investment Officer of Bitwise, also said that Bitcoin might be valued as much as gold. He also said that 1 BTC would be worth $1.2 million by that time.
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