New data shows that the bitcoin has taken only 2% of the original gold market.

[CryptoFriend]

New data shows that the bitcoin has taken only 2% of the original gold market.

Bitcoin also has to go 10% of the gold market cap, then the old data can go up Old data shows a popular indicator


Cool the number of bitcoins

As the value of the bitcoin soared until the end of 2020 and reached an all-time high of 42 42,000 last week, a story emerged that investors exchanged gold for the bitcoin, and that the bitcoin It accounted for about 7% of the 10 10 trillion precious metal market cap.

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[disconnectme]

If this figure is true this is a good start, the narrative by the Gold bug that Bitcoin is not a good Store of Value is fading and if all these money coming from Institutional investors continue to flow into the market then it will soon be 10% of Gold market, my only concern is that Central Bank can step in and start controlling the Bitcoin market they way they are controlling Gold price

[Zed0X]

Your "new" data is already outdated. Bitcoin's price fluctuates faster than that of Gold. I just checked at https://companiesmarketcap.com/assets-by-market-cap/ and it's already around 5%.

~ and that the bitcoin It accounted for about 7% of the 10 10 trillion precious metal market cap.

Where did you get the 10 trillion? I'm seeing 11 trillion from the source I shared above. The price hasn't move that much in the last 30 days either.

[Lanirex]

Whatever the name of the data, it doesn't affect my love for Bitcoin at all, although the data you provide Bitcoin is only 2% of real Gold. Bitcoin is the best for me, because it has provided me with many advantages. Whereas gold can't be like that, although I also keep a few Ounces of Gold.

[Malam90]

Your "new" data is already outdated. Bitcoin's price fluctuates faster than that of Gold. I just checked at https://companiesmarketcap.com/assets-by-market-cap/ and it's already around 5%.

~ and that the bitcoin It accounted for about 7% of the 10 10 trillion precious metal market cap.

Where did you get the 10 trillion? I'm seeing 11 trillion from the source I shared above. The price hasn't move that much in the last 30 days either.

Thank for pointing it out. I have also checked. So this topic has been locked as it has not relativity to the present market situation.