Gold Market Cap Tops $30T Amid Record Price Surge, Signals Potential Bitcoin Rotation
Gold market cap has soared past $30 trillion after gold prices hit record highs above $4 350 per ounce, fueled by dollar weakness, geopolitical tensions and sticky inflation. Year-to-date gains exceed 60%, with October alone up 13%. Based on 216 265 tonnes of mined gold, its value now dwarfs top tech firms and stands over 14 times larger than bitcoin’s $2.2 trillion market cap.
Citadel CEO Ken Griffin warns that investors are shifting from the US dollar to gold, highlighting concerns over fiscal policy and Fed rate outlooks. Quantitative traders note that gold added over $300 billion in value in a single week—surpassing bitcoin’s total market cap gain.
Analysts predict that if gold inflows ease and bitcoin decouples from equities, funds could rotate into the digital asset. Historically, such liquidity imbalances have triggered sharp bitcoin rallies, suggesting a bullish outlook for bitcoin traders.
Bullish
Gold’s record market cap reflects strong demand amid economic and geopolitical uncertainty. Traders have poured over $300 billion into gold within a week, outpacing bitcoin’s entire market cap gain. With gold’s yieldless rally and rising global liquidity, analysts suggest funds may soon rotate into bitcoin once inflows to gold moderate. Historical precedents show similar liquidity shifts have triggered rapid bitcoin rebounds. Therefore, the news is bullish for bitcoin, offering potential short-term breakout opportunities and reinforcing longer-term demand as a digital store of value.