Gold Soars to $30 Trillion, Outshines Bitcoin & Tech

Gold just crossed into uncharted territory. On Thursday, the precious metal not only pierced the $4,300 per ounce threshold but also propelled its total market capitalization past $30 trillion, making it the first asset in history to achieve that scale. This surge in gold’s valuation has raised eyebrows across financial markets, especially because it now eclipses the value of Bitcoin by a wide margin and even overshadows the combined worth of “Magnificent 7” tech giants.

Decoding the Surge

Gold’s Price Breaks Records

In October 2025, gold set a new all-time high, trading above $4,300 per ounce. Futures contracts for December delivery also reached fresh peaks. The catalyst? A combination of weakening U.S. dollar sentiment, expectations of interest rate cuts, and elevated geopolitical tensions pushing investors into safer assets.

Market Cap

Unlike equities, gold’s market cap isn’t tied to “shares outstanding.” Instead, it’s estimated by multiplying the total gold ever mined by the current price per ounce. While no one knows the exact amount of gold ever mined, estimates usually place it around 190,000 metric tonnes. Based on that, gold’s market cap has climbed to over $30 trillion — approximately 14.5 × the market cap of Bitcoin, and exceeding the combined value of the Magnificent 7, which stands near $20 trillion. Some reports give slightly differing numbers, but the consensus is clear: gold’s valuation is now in a league of its own.

Bitcoin and Tech Giants

Bitcoin’s Position

As gold steals the spotlight, Bitcoin’s market cap lags far behind. Currently, Bitcoin hovers around $2.1 trillion, making it a fraction of gold’s valuation. Year-to-date, Bitcoin is up ~16%, but remains nearly 14% below its all-time high. Because gold’s rise has been so astronomical, Bitcoin now represents only a small sliver of gold’s total value. Some analysts point out that Bitcoin is ~7% of gold’s market value in certain measures. The divergence is real—but many believe it’s temporary.

Tech Giants & the “Magnificent 7”

The tech elite — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla — has driven global markets for years. Together, they command a combined capitalization of roughly $20 trillion. Yet gold now surpasses even that combined figure. In effect, we have one asset (gold) valued higher than the sum of all those tech behemoths.

What’s Behind Gold’s Fly-High Trajectory?

Several interlocking forces have created the perfect storm behind gold’s meteoric rise:

U.S. Dollar Weakness & Rate Cut Hopes

Gold often benefits when the dollar weakens. As markets anticipate the Federal Reserve may begin cutting rates, the opportunity cost of holding non-yielding assets like gold decreases. Market sentiment around two 25 basis point cuts in October and December has fanned bullishness.

Geopolitical Risk & Safe-Haven Demand

Global tensions—especially between the U.S. and China—have injected uncertainty into equities and trade systems. Investors are increasingly seeking refuge in traditional stores of value—gold being the oldest.

Escalating Money Supply (M2) & Liquidity

One influential voice, “Merlijn the Trader,” has flagged that global M2 money supply is expanding rapidly. While gold is surging, Bitcoin remains relatively dormant—creating a gap many believe won’t hold for long. In a sense, the flood of liquidity is backing gold right now, with capital yet to rotate into more volatile assets.

Central Bank Buying & Reserve Strategy Shifts

Central banks have quietly ramped up gold purchases—some reports suggest “unreported” buys could total 804 tonnes over the past year, pushing the actual central bank demand well above publicly disclosed figures. This behavior reflects a broader recalibration in reserve asset strategies, with gold now regarded as a safer anchor than pure fiat or sovereign debt.

Psychology & Momentum

As gold marches higher, the narrative becomes self-reinforcing. Many investors are shifting from “will gold rise?” to “how much more can gold go?” The fear of missing out (FOMO) is pushing more capital into the yellow metal.

Analysts like Sykodelic have said: “Gold added over $300 billion to its market cap today … It’s been adding an entire Bitcoin market cap in one week.”

Will Bitcoin Be the Next Beneficiary?

One prevailing narrative is that once gold’s rally cools, money may rotate into Bitcoin. Many see BTC as “digital gold”—a modern complement to its physical counterpart.

• Joe Consorti, a venture investor, argues that if Bitcoin breaks free of its correlation to U.S. equities and gold’s momentum slows, BTC could be the “next big trade.”
• Merlijn the Trader similarly suggests that liquidity always chases risk, and when it does, the catch-up rally for Bitcoin will be brutal.
• Meanwhile, Sykodelic’s observation about gold adding a Bitcoin-equivalent value in a week hints at the scale of capital rotation that might occur.

Risks & Challenges for Bitcoin

• BTC’s volatility is far greater than gold’s, which could deter more conservative capital rotational flows.
• Bitcoin still faces regulatory uncertainty in many jurisdictions.
• A sustained rally in gold and central bank demand could attract capital away from speculative assets.
• If Bitcoin continues to track risk assets or equities, it may struggle to break out on its own momentum.

Final Thoughts & Implications for Investors

Gold’s climb to a $30 trillion market cap marks a watershed moment in financial markets. Its valuation now towers over Bitcoin and even the biggest tech conglomerates combined. While many see this as a prelude to money shifting toward Bitcoin, the path is fraught with timing, psychology, and macro risk. Investors positioning for that rotation should tread carefully. Gold’s meteoric rally underscores investors’ search for safety, yield, and preservation in turbulent times. Whether Bitcoin becomes the next magnet for capital depends on fragile correlations, sentiment shifts, and macro policy pivots. For now, gold reigns supreme—“digital gold” must wait its turn.

Disclaimer: CryptopianNews shares this for learning and info only. It’s not meant to be financial or investment advice. Crypto markets change a lot and move quickly. Investing in them can be risky. You should always look into things yourself. Talk to a trained financial advisor before making any choices about investing.