Gold Versus Bitcoin: Market Cap. At the present time of writing, gold’s market cap is around $9 trillion USD. Bitcoin’s market capitalisation sits currently at $ billion USD. Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation. Dec 19, · Bitcoin has a current market cap of about $ billion, while that of gold's stands at roughly $10 trillion. This week the cryptocurrency gained Author: Shalini Nagarajan. About Bitcoin. Bitcoin price today is $23, USD with a hour trading volume of $45,,, USD. Bitcoin is up % in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $,,, USD.
Bitcoin market cap vs dollarBitcoin Market Cap Gain per Dollar Invested : Woobull Charts
He noticed a lot of the recent price action was driven by institutional investors, based on transactions that occur on the chain, and is unlike the retail investor frenzy of On-chain demand and other metrics suggest that the rally was driven more by institutional hedge funds, family offices, and money managers. Hileman expects to see continued buy-in from retail and Wall Street investors going forward, rather than corporates. That's because it is harder for bigger players to participate than professional investors who already have accounts and easy access to major exchanges, he explained.
As for the US dollar, the researcher expects the world's most popular reserve currency to be digitized sometime in the next five years. The status quo is working well for the dollar because it is dominant through the SWIFT mechanism and the corresponding banking system, he said. The US government can also raise debt at attractive interest rates, supporting the dollar's status. But a competitive challenge lies in the crypto space and in the rise of stablecoins.
Shalini Nagarajan. Although the bitcoin rally was largely driven by institutional investors, he expects to see continued buy-in more from retail and Wall Street investors going forward. The researcher expects the US to digitize the dollar, but not too soon as he said "the Fed is happy with the way the world is. It also occurred as the US dollar edged up, helped by fears of an advanced coronavirus mutation in the UK that prompted a fresh round of lockdown and travel bans.
The outlook pushed risk-on assets in Europe lower, thus helping the greenback. The cryptocurrency, therefore, risked plunging further lower into the week as the greenback sentiment flares up.
It will now make its way to the White House, where the outgoing President Donald Trump will sign it into law.
That aims to benefit Bitcoin as it heads into with a flurry of institutional investments. Could you be next big winner? I consent to my submitted data being collected and stored. It has been a turbulent past day for the crypto markets, with Ethereum and most other major digital assets all seeing intense selloffs yesterday Bitcoin was able to avoid seeing any All Rights Reserved.