Gold currently has a market value of approximately 14.5 times that of Bitcoin, with analysts suggesting that when the gold market cools down, capital will shift to Bitcoin.

On October 17th, as reported by Cointelegraph, on Thursday, with the price of gold surging to a brand new all-time high of $4,357 per ounce, its market capitalization reached a record of $30 trillion. This indicates that the market cap of gold is currently 14.5 times that of Bitcoin, which is approximately $2.1 trillion. It is also 1.5 times higher than the total market cap of the global "Big Seven" tech companies - Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla (around $20 trillion). Due to the depreciation of the US dollar, geopolitical tensions, and trade tariff issues, investors have flocked to gold. Since January 1st, the price of gold has soared by 64%. Many analysts think that when the gold market cools down, capital will shift to Bitcoin, which is often referred to as digital gold.