What is the difference in market cap between Bitcoin and gold?

3 answers

• Nov 29, 2021 · 3 years ago
  Bitcoin and gold have vastly different market capitalizations. As of now, the market cap of Bitcoin is around $1 trillion, while the market cap of gold is estimated to be around $10 trillion. This means that the market cap of Bitcoin is approximately 10% of the market cap of gold. However, it's important to note that the market cap of Bitcoin is highly volatile and can change rapidly due to the nature of the cryptocurrency market.
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• Nov 29, 2021 · 3 years ago
  The difference in market cap between Bitcoin and gold is quite significant. Bitcoin, being a digital currency, has a market cap that is primarily driven by investor demand and speculation. On the other hand, gold, being a physical asset, has a market cap that is influenced by factors such as supply and demand, industrial uses, and jewelry demand. While both Bitcoin and gold are considered stores of value, their market caps reflect the different dynamics of the cryptocurrency and precious metal markets.
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• Nov 29, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the market cap of Bitcoin is currently around $1 trillion, while the market cap of gold is estimated to be around $10 trillion. This means that the market cap of Bitcoin is approximately 10% of the market cap of gold. It's worth noting that the market cap of Bitcoin has been steadily increasing over the years, indicating growing investor interest and adoption of cryptocurrencies.
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