BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Bitcoin is Still 10x Away From Flipping Gold’s Market Cap, But There is Hope

by Sham
May 22, 2024
in CRYPTO
Reading Time: 3 mins read
A A
1
SHARES
17
VIEWS
Share on XShare in TelegramShare on Reddit
  • Bitcoin’s market cap is approaching 10% of gold’s market cap, currently valued at $14 trillion compared to gold’s $16 trillion market cap.
  • Central banks around the world have been decreasing their exposure to the US dollar since 2015, as shown by the decrease in US debt held by foreign central banks.
  • A report by Incrementum highlights the growing institutional interest in Bitcoin, with its fixed supply and resemblance to gold as a non-inflatable asset.

Bitcoin’s market capitalization is approaching 10% of gold’s as institutional interest in the cryptocurrency continues to grow, according to a recent report by Incrementum. This trend highlights Bitcoin‘s increasing resemblance to gold.

#Bitcoin is currently only ~8.5% of gold's current market cap pic.twitter.com/0JMan2b5ZJ

— BlockNews.com (@blocknewsdotcom) May 22, 2024

Bitcoin Market Cap Nears 10% of Gold

The report, titled “The New Gold Playbook,” shows that Bitcoin’s market cap is now $1.4 trillion, compared to gold’s market cap of $1.6 trillion. While gold’s supply continues to steadily increase, Bitcoin’s supply is essentially fixed, with 94% of its total 21 million coins already mined.

Central Banks Increasing Gold Holdings While Reducing Dollar Exposure

Data from Incrementum reveals central banks around the world have been increasing their gold reserves while decreasing exposure to the US dollar. For example, since 2015 central banks have reduced their holdings of US debt.

Crypto Gold Funds Reflect Focus on Non-Inflatable Assets

Incrementum also manages a crypto gold fund focused on “non-inflatable” assets like Bitcoin and gold. These dynamics point to rising adoption of Bitcoin as an alternative to traditional assets for investors seeking to avoid inflation.

Conclusion

In summary, Bitcoin’s growing resemblance and appeal as “digital gold” is evidenced by its expanding market cap relative to gold and rising institutional investment. The report highlights key macro trends like central banks reducing dollar exposure and increasing gold reserves that are likely to further propel Bitcoin adoption going forward.

Tags: BitcoinCentral Bankscryptogold
TweetShareShare
Previous Post

Sam Bankman Fried to be Transferred to a California Prison

Next Post

Bullish Bitcoin Sentiment Bolstered by ETF Inflows and Stable Trading Conditions

DON'T MISS THESE! HOT OFF THE PRESS

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish
BITCOIN

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Load More

Related News

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.