Gold prices have surged to unprecedented levels in the global market. For the very first time, the cost of one ounce of gold has surpassed $4,900, marking a record-breaking peak.
The ongoing rise in precious metals is fueled by growing demand and persistent macroeconomic uncertainties.
Current statistics reveal that gold’s total market capitalization has climbed to nearly $33.9 trillion, whereas Bitcoin’s market cap stands at about $1.78 trillion. To match gold’s valuation, Bitcoin would need its price per coin to soar to roughly $1,698,717.
While Bitcoin’s supply and market value are transparent and verifiable by anyone, estimates on the total amount of gold available vary depending on different sources.
A short-term performance comparison highlights gold’s dominance: over the past year, it appreciated by around 78.8%, while Bitcoin declined by 16.2%. Since the start of this year alone, gold has increased close to 13%, whereas Bitcoin’s growth was limited to just 1.7%.
Nevertheless, when looking at a longer timeframe of five years, both assets show competitive gains—Bitcoin rising approximately 188% compared to gold’s increase of about 163%.
Regarding annual supply growth rates—which impact inflation—Bitcoin exhibits a lower rate at roughly 0.83%, contrasted with an estimated annual increase for gold at around 1.72%.
Please note: This content does not constitute financial advice.