Gold Market Hits $30T – Sorry Bitcoin, You’re Still Small Potatoes!

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Oh la la! Hold onto your hats, for gold has just hit an all-time high of $4,357 per ounce, pushing its market capitalization to a jaw-dropping $30 trillion. 🎩✨

And what does that mean for our little friend, Bitcoin? Well, gold is now a mighty 14.5 times larger than Bitcoin’s market cap, which, let’s face it, is still a modest $2.1 trillion. 🍌💰

But wait, there’s more! Gold’s new throne means it’s 1.5 times bigger than the “Magnificent 7” tech titans-Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla-whose combined worth barely reaches $20 trillion. 🙄✨

Now, before you say “But how do we even measure gold?”, let me enlighten you. Unlike the stock market cap, which depends on a company’s shares, gold’s market cap is simply the value of all the gold ever mined. Of course, nobody knows the exact amount, because who’s counting? 😜

Gold’s Meteoric Rise – Will Bitcoin Join the Party? 💥

This year, gold has skyrocketed by a staggering 64% since January 1st. Investors are flocking to the shiny metal like moths to a flame, running away from the dollar’s slow decline, geopolitical dramas, and trade tariffs. 🎯

But here’s the kicker: some wise analysts think that as gold cools off, the next hot ticket will be none other than Bitcoin, also known as “digital gold”. Will they really make the leap? 🧐

Crypto expert Sykodelic was practically giddy, claiming, “Gold added over $300 billion to its market cap today… it’s been adding an entire Bitcoin market cap in just one week!” If that doesn’t make you spit out your morning coffee, I don’t know what will. ☕💸

“I don’t understand how most cannot see that as soon as gold stalls, BTC is going to rip.”

Joe Consorti, a venture investor, seems equally excited, pointing out that if Bitcoin can shake off its bond with US equities, it might just be ready for the next big trade after gold takes a breather. 🚀

Meanwhile, Merlijn the Trader seems to think that liquidity is always lurking, and when it finds its next big opportunity, the “catch-up rally will be brutal.” 😈

And just to add a bit more spice, Bitcoin has seen a 16% increase since January 1st, though it’s still trailing 14% behind its all-time high. But who’s counting, right? 🏃‍♂️💨

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2025-10-17 06:58