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Gold Breaks Historical Record by Rising Above $4,900 – How Much Would Bitcoin Need to Reach to Catch Up?

source-logo  en.bitcoinsistemi.com 2 h
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Gold prices have crossed a historic threshold in global markets. For the first time, the price of an ounce of gold exceeded $4,900, reaching an all-time high.

Strengthening demand and macroeconomic uncertainties continue to support the rise in precious metals.

According to current data, the total market value of gold has risen to approximately $33.9 trillion, while Bitcoin’s market value is around $1.78 trillion. Calculations suggest that for Bitcoin to catch up with gold’s market value, the price of one BTC would need to reach approximately $1,698,717.

While Bitcoin’s supply and market capitalization can be verified by everyone, estimates regarding the total supply of gold vary depending on the institution.

A performance comparison shows that gold has a clear advantage in the short term. Over the past year, gold has risen by approximately 78.8%, while Bitcoin has fallen by 16.2% during the same period. Looking at the period since the beginning of the year, gold has gained nearly 13%, while Bitcoin’s increase has been limited to 1.7%.

However, the picture is more balanced in the long term. In the last 5 years, Bitcoin has gained approximately 188% in value, while gold has increased by 163%.

In terms of annual supply increase, Bitcoin has a more limited inflation rate. Bitcoin’s annual supply increase is approximately 0.83%, while gold’s annual supply increase is calculated at 1.72%.

*This is not investment advice.

en.bitcoinsistemi.com