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.

BlockBeats News, October 17th, according to Cointelegraph's report, on Thursday, as the price of gold surged to a new all-time high of $4,357 per ounce, its market capitalization reached a record of $30 trillion. This means that the market cap of gold is now 14.5 times the market cap of Bitcoin, which is around $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 rushed to gold. Since January 1st, the price of gold has soared by 64%. Many analysts believe that when the gold market cools down, capital will shift to Bitcoin, often referred to as digital gold.