Aug 18, · Gold Versus Bitcoin: Market Cap At the present time of writing, gold’s market cap is around $9 trillion USD. Bitcoin’s market capitalisation sits currently at $ billion USD. Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation. rows · Coin Price Marketcap Volume (24h) Supply Change (24H) Price Graph (7D) 1. Market Capitalization = (Priceof BTC) x (Totalbitcoins in circulation) Similar to the way the Market Capitalization of a company reflects the perceived worth of its business, the Market Capitalization of Bitcoin Core (BTC) reflects the perceived worth of Bitcoin Core (BTC) as a value network.
Bitcoin cap market coinCrypto Prices, Charts and Cryptocurrency Market Cap | CoinCodex
Hileman is so confident in the prospects of bitcoin that he thinks fiat currencies — including the U. He mentions:. At this point, the Fed is still taking its time because the Fed is happy with the way the world is.
He further states that as many as million individuals across the globe own cryptocurrency today, and that much of the recent rally is being driven largely by institutional players, which are now holding more of a place in the crypto arena. These businesses now see bitcoin as a store of value and are confident that the currency can protect wealth against serious economic turmoil such as inflation.
As the US Dollar seems to drop, both Bitcoin and gold rise in value. Whether this will happen and — if it should — whether Bitcoin market cap and value can hold above that of gold will be seen in time. If Bitcoin does exceed gold in value and market cap, it will likely be at the mass adoption of the use of cryptocurrencies for both trading and daily transactions across the globe.
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