Gold Surpasses $30 Trillion, Leaving Bitcoin Far Behind
Gold’s market value has hit a historic high, exceeding $30 trillion. This makes it the world’s largest asset by market cap. Spot prices are now at $4,369, showing its dominance. But can Bitcoin catch up?
Bitcoin’s market cap has fallen to $2.15 trillion, losing over $200 billion this week. The gap between the two assets is widening. According to Companies Market Cap, gold has surged by 1.49% in the past 24 hours.It’s currently trading at $4,369. This month, gold crossed the $30 trillion threshold for the first time. At the same time, Bitcoin’s market cap has dropped considerably. It’s now at $2.15 trillion. This is a critically important milestone for the precious metal.
Gold’s market cap is now far ahead of other top assets. NVIDIA is second with $4.4 trillion, followed by Microsoft at $3.8 trillion and Apple at $3.6 trillion. Silver, with a market cap of $2.9 trillion, is not in the top five. Bitcoin ranks eighth, having lost billions due to recent market crashes. The crypto market saw a $19 billion liquidation on October 10. As of October 17, Bitcoin’s market cap is $2.15 trillion, down by about $200 billion this week.
Bitcoin once held the fifth spot among the world’s largest assets. In April 2025, its market cap hit $1.86 trillion.Despite reaching $126,080 this month, Bitcoin’s growth has been slower compared to other assets that have seen market value increases above $3 trillion.
The gap between Bitcoin and gold as safe-haven assets is growing. As Bitcoin struggles with falling prices, gold thrives as more investors seek safety amid economic uncertainty. Bitcoin has fallen by 4.5% in the past 24 hours and is trading at $105,834.Gold’s price has jumped to a new record high at $4,300, up nearly 60% in the past year. Bitcoin has risen by 57.3% but is in a downward slump.
ARK investment Management’s CEO, Cathie Wood, predicted bitcoin might surpass gold. At the end of 2024, Bitcoin reached a $2 trillion market cap while gold was at $15 trillion.However, gold’s market value has since doubled. Deutsche Bank predicts central banks will start buying BTC by 2030,which could boost its value.
