Bitcoin quietly closes in on Gold’s market cap
2025-07-18 15:20:47
Main Idea
Bitcoin reached an all-time high of $123,091, with its market cap now at 10% of gold's, and analysts predict it could surpass gold's market cap in the future.
Key Points
1. Bitcoin hit an all-time high of $123,091 on July 14, with a market cap of around $2.36 trillion.
2. Bitcoin's market cap is now 10% of gold's, which stands at approximately $22.57 trillion.
3. Both Bitcoin and gold have shown a nearly identical ROI of 27.48% since January 1.
4. Analysts like Dan Held and Matt Hougan predict Bitcoin could surpass gold's market cap, with potential valuations of $1.1 million and $1.2 million per BTC, respectively.
Description
Bitcoin ( BTC ), the world’s largest cryptocurrency, hit an all-time high (ATH) of $123,091 on July 14. Similarly to its digital counterpart, gold has also experienced a significant surge, having gone up 35% in the past year with the potential to hit its own record price of $3,600 per ounce in H2 2025. Thanks to the upward momentum, Bitcoin now has a market cap of around $2.36 trillion, while the precious metal has a market cap of approximately $22.57 trillion. That is, Bitcoin is now worth 10% ...
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