Sep 10, · U.S. Dollar Market Cap. Below are statistics on the U.S. Dollar market cap from to The market cap is much larger than the two items compared. So - Which Investment Option is Best? It may seem crazy comparing both of these. After all, gold is a historical store of value and is recognized all over the world. Feb 26, · For Bitcoin to reach the same market cap as Gold, the required price is $, (That is half a million dollars for Europeans confused by the comma sign.) For Bitcoin to reach the same market cap as Silver, the required price is $2, Aug 04, · Market Cap: $ billion (Bitcoin) vs $ trillion (Gold) Given the respective prices of both Bitcoin and gold, the total market cap of circulating supply for each asset comes in at $ billion for Bitcoin and $ trillion for gold. That makes Bitcoin over 60 times smaller than gold—or % of gold’s current market cap.
Bitcoin compared to gold market capIs Bitcoin value now more than gold? | Nairametrics
This writer has seen a marked increase in advertisements for investments in bitcoin online, and the allure of the pace at which bitcoin's value is rising has likely drawn in new money. Investors should also understand that bitcoin isn't a traditional "investment" like we see in the stock market.
It can be bought and sold, but only a few exchanges allow users to "short-sell" bitcoin and bet it goes down. This could be influencing its rising price as well. This gives you some idea of just how far this cryptocurrency has come in such a short amount of time. Let's take a look. News outlets have been particularly diligent in pointing out how bitcoin's value is leaving gold in the dust.
But, it's gold that could still mop the floor with bitcoin if we compare the two based on market cap. According to a report from Thompson Reuters GFMS, it was believed that , tons of gold had either been mined or was still in the ground. Since there are 32, ounces per ton, we're talking about 5.
That's more than times the market cap of bitcoin at its all-time high! It's also worth pointing out that numerous reports exist on the world's total gold supply, and some suggest as much as 2.
Long story short, bitcoin still has a very long way to go to truly catch gold. According to data compiled by SiblisResearch. In fact, the largest U. Through Friday, Aug. Admittedly, nearly all of this cash is being held in overseas markets, because Apple doesn't want to be taxed for the repatriation of this cash.
Would Apple do such a thing? Not a chance. It's focused on returning cash to its shareholders and reinvesting in new technologies.
Lastly, let's take a look at how bitcoin stacks up next to the currency it'd ultimately like to make go extinct -- the U. The money transfer app, which has gained frontline status in its short period of existence, stands out from the competition and serves as a hub for sending money to Nigeria from the United States, United Kingdom and Canada.
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Latest Trending. Around the World 6 mins ago. Business 36 mins ago. Interview 46 mins ago. Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation. Should that come to be the case, it would require an enormous accelerated gain in value from Bitcoin from both a value point-of-view and a trading perspective.
The asset was developed and launched just over a decade ago, and has seen an enormous gain in market cap, trading price, and popularity since inception and it continues to show signs of bullish growth. The gold market in the past decade has remained mostly stable, with the exception of a sharp decline in From there, the precious metal regained its value to see a positive incline in value over the past two years.
Bitcoin has seen a lot more volatility in the past few years than gold, given how the market has been in a constant state of adoption and correction.
Bitcoin saw its first spike at the end of , marking its first cycle of increases.