Data: The current market value of gold is approximately 14.5 times that of bitcoin.
According to Jinse Finance, as reported by Cointelegraph, 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 $30 trillion. This means that gold's market cap is now approximately 14.5 times that of bitcoin, which stands at around $2.1 trillion. It is also 1.5 times higher than the combined market capitalization of the global "Magnificent Seven" tech companies—Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla—which totals about $20 trillion.
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