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Gold Prices Continue to Set New Peaks – How Much Does Bitcoin Need to Exceed Gold?
Meanwhile, Bitcoin (BTC) – often referred to as "digital gold" – is trading quite quietly. This discrepancy raises questions for many investors: Where does Bitcoin stand in the race with gold, and what price does it need to reach to truly surpass this precious metal?
Market Capitalization Comparison: Bitcoin is Only 5.6% of Gold
According to current market data:
Market capitalization of Bitcoin: about 1.74 trillion USDMarket capitalization of gold: about 31.1 trillion USD
This means that Bitcoin currently only accounts for about 5.6% of the total market capitalization of gold. The gap between the two asset classes remains significant, indicating that gold is still the primary safe haven for global capital.
Based on the total supply of Bitcoin limited to 21 million BTC, calculations show:
👉 The price of Bitcoin needs to reach around 1,559,000 USD/BTC for its market capitalization to equal and surpass gold.
Long-Term Performance: Bitcoin Still Outperforms
Looking at long-term performance, Bitcoin still shows superior growth strength compared to gold:
Last 5 years: Bitcoin: +266.76% Gold: +137.92% Last 3 years: Bitcoin: +418.7% Gold: +155.42%
These numbers clearly reflect the characteristics of Bitcoin: strong volatility but high growth potential, especially during liquidity expansion cycles.
Short-Term and Medium-Term: Gold is Dominating
However, in the short and medium time frames, the situation is completely leaning towards gold:
Last 2 years: Bitcoin: +98.32% Gold: +118.75% Last 1 year: Bitcoin: -8.23% Gold: +70.47% Since the beginning of the year ( YTD ): Bitcoin: -6.67% Gold: +70.86%
Clearly, in the context of geopolitical instability, prolonged inflation, and concerns about economic recession, the flow of money is prioritizing stability over risk – something that gold is currently doing better than Bitcoin.
Can Bitcoin Replace Gold?
Gold and Bitcoin are often compared, but they serve two different groups of needs:
Gold: a traditional defensive asset, stable, held by central banks and large institutions. Bitcoin: a scarce digital asset, with higher speculative nature, but with outstanding long-term growth potential.
The scenario of Bitcoin reaching a price above 1.5 million USD/BTC to surpass gold is not a short-term scenario, but it is also not an impossible feat in the long term, especially if Bitcoin continues to be widely accepted as a global reserve asset.
Conclusion
Gold prices reaching a peak reflect the defensive sentiment of the global market, while Bitcoin is in an accumulation phase and waiting for a new cycle.
Currently, gold excels in stability, while Bitcoin excels in long-term potential.
The race between "traditional gold" and "digital gold" is still undecided – and it is precisely this that continues to create great opportunities for investors to understand the nature of each type of asset.