Gold Market Cap Reaches $30 Trillion, Outpacing Bitcoin and Tech Giants

Gold’s market capitalization has surged past the $30 trillion mark, reaching a new all-time high of $4,357 per ounce. This unprecedented milestone positions gold as 14.5 times larger than Bitcoin’s estimated market cap, which currently stands at around $2.1 trillion. It also outpaces the combined market capitalization of tech giants like Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla, whose total value is roughly $20 trillion. 🤯 While gold’s market cap reflects the historic value of mined gold, its precise calculation remains elusive.