Bitcoin News

Bitcoin market volume is now 7% of the gold market


Due to the recent jump in the price of Bitcoin, the gap between the market value of this digital currency and the market value of gold has narrowed. Recent data show that the current market value of Bitcoin is approximately 7% of the market value of gold.

To Report The Block, GoldHub data show that the gold market is worth $ 10.6 trillion, while the bitcoin market is worth $ 729 billion.

Bitcoin market value compared to the market value of large companies
Bitcoin market value compared to the market value of large companies

It should not be forgotten that the market value of gold is only an estimate of the value of gold in the world, and different sources may provide different numbers. However, the market value of bitcoin can be accurately calculated.

Bitcoin market value rates and the traditional economy
Bitcoin market value rates and the traditional economy

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