Bitcoin

Gold

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Gold’s market capitalization reached a record $30 trillion on Thursday as the commodity surged to a new all-time high of $4,357 per ounce.&nbsp;
The milestone market cap peak means that gold is now 14.5 times larger than Bitcoin’s market capitalization, which is around $2.1 trillion.
It is also 1.5 times larger than the market capitalization of the “Magnificent 7” largest tech companies on the planet, <a href="https://cointelegraph.com/news/ai-bubble-bitcoin-high-correlation-nvidia-80-percent-btc-crash-warning" rel="noopener noreferrer nofollow">Nvidia</a>, Microsoft, Apple, Alphabet, Amazon, Meta and Tesla, whose combined market capitalization is just around $20 trillion.
Unlike a company’s stock market cap, which is based on outstanding shares, the market cap of gold is a calculation of the total value of all the gold that has ever been mined; however, it is impossible to know the exact amount.&nbsp;
<h2 id="gold-rocketed-this-year-bitcoin-could-benefit">Gold rocketed this year, Bitcoin could benefit&nbsp;</h2>
The price of gold has surged 64% since Jan. 1 as investors flock to the store of value asset amid <a href="https://cointelegraph.com/news/debasement-trade-narrative-fueling-crypto-rally" rel="noopener noreferrer nofollow">dollar debasement</a>, geopolitical tensions, and trade tariff woes.&nbsp;
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 <img src="https://s3.cointelegraph.com/uploads/2025-10/0199f03f-9e01-744a-a79e-f98732c4a3ef" title="" alt="Gold market cap soars to $30T, dwarfing Bitcoin and tech giants">
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 Gold has more than doubled since the beginning of 2024. Source: <a href="https://www.tradingview.com/symbols/GOLD/?exchange=TVC" rel="noopener noreferrer nofollow" target="https://www.tradingview.com/symbols/GOLD/?exchange=TVC">TradingView</a>
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Many analysts <a href="https://cointelegraph.com/news/when-gold-price-hits-new-highs-history-shows-bitcoin-follows-within-150-days-analyst" rel="noopener noreferrer nofollow">believe</a> that capital will rotate into Bitcoin, often referred to as digital gold, when the gold market cools.&nbsp;
Related: <a href="https://cointelegraph.com/news/bitcoin-gold-correlation-hits-new-high-as-both-assets-surge" rel="noopener noreferrer nofollow">Bitcoin-gold correlation increases as BTC follows gold’s path to store of value</a>
“Gold added over $300 billion to its market cap today,” <a href="https://x.com/Sykodelic_/status/1978728444038152542" rel="noopener noreferrer nofollow" target="_blank">said</a> crypto analyst Sykodelic on Thursday. “It’s been adding an entire Bitcoin market cap in one week.”
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 “I don’t understand how most cannot see that as soon as gold stalls, BTC is going to rip.”
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“If Bitcoin can loosen its correlation with US equities [amid] the tense geopolitical backdrop, particularly if gold flows decelerate, perhaps this is the trade after the trade,” <a href="https://x.com/JoeConsorti/status/1978889720366051536" rel="noopener noreferrer nofollow" target="_blank">said</a> venture investor Joe Consorti.
Meanwhile, analyst “Merlijn the Trader” <a href="https://x.com/MerlijnTrader/status/1978793051062509966" rel="noopener noreferrer nofollow" target="_blank">observed</a> that the M2 global money supply was surging, gold is ripping, but Bitcoin is sleeping.&nbsp;
“This divergence never lasts, liquidity always finds risk, [and] the catch-up rally will be brutal,” he said.
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 <img src="https://s3.cointelegraph.com/uploads/2025-10/0199f03f-a1fa-78ee-9ec3-3b3f199b348a" title="" alt="Gold market cap soars to $30T, dwarfing Bitcoin and tech giants">
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 Bitcoin prices lag gold and M2 but usually catch up. Source: <a href="https://x.com/MerlijnTrader/status/1978793051062509966" rel="noopener noreferrer nofollow" target="https://x.com/MerlijnTrader/status/1978793051062509966">Merlijn the Trader</a>
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 Bitcoin (<a href="/bitcoin-price" rel="noopener noreferrer">BTC</a>) is currently up 16% from its levels on Jan. 1, which is almost 14% from its all-time high.&nbsp;
Magazine: <a href="https://cointelegraph.com/magazine/binance-south-korea-morgan-stanley-security-tokens-japan-asia-express/" rel="noopener noreferrer nofollow">Binance shakes up Korea, Morgan Stanley’s security tokens in Japan: Asia Express</a>

Gold market cap soars to $30T, dwarfing Bitcoin and tech giants

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