Bitcoin reaches record proportions against gold: Bitcoin’s market cap recently hit 14% of gold’s total market cap, marking a significant milestone. With the price peaking at 107,822 USD, many speculate its growth trajectory could continue escalating rapidly.
Growing popularity of Bitcoin ETFs: Recently, Bitcoin exchange-traded funds (ETFs) surpassed gold ETFs in assets under management, with Bitcoin at 129.25 billion USD and gold at 128.88 billion USD. This trend indicates a growing investor preference for Bitcoin.
Bitcoin’s market cap vs. Central bank gold: Bitcoin’s market cap now exceeds two-thirds of the total valuation of gold held by central banks, which is valued at approximately 3.13 trillion USD. This statistic reinforces Bitcoin’s emerging dominance in the market.