Bitcoin capitalization reaches 10% of the gold market

As a result of the recent jump Bitcoin’s market capitalization has exceeded $ 1 trillion, which is about 10% of the value of all mined gold.

Currently, the gold market is estimated at $ 10-11 trillion. Yesterday BTC rate set a new all-time high, rising to $ 58,220 (100% since the beginning of 2021). During this period, its capitalization exceeded $ 1.1 trillion..

Despite the beginning of the correction, at the time of publication, the price of bitcoin fluctuates in the range of $ 54-55 thousand, and the market value still exceeds $ 1 trillion.

Bitcoin capitalization reaches 10% of the gold market

Positive dynamics and growth in recognition are attracting more and more investors to the market who buy cryptocurrency as a tool to hedge against inflation. In addition to risk diversification, they make good money on it..

For example, according to analyst Wedbush Securities, Tesla’s January investment The $ 1.5 billion in bitcoin has brought her more profit than the sale of electric vehicles for the entire last year. In January, the BTC rate ranged from $ 29 to $ 37 thousand, and earnings from the company’s main activities in 2020 amounted to 721 million.

text: Ivan Malichenko, photo: Shutterstock

Bitcoin capitalization reaches 10% of the gold market

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