Gold’s market capitalization has surpassed $30 trillion for the first time, cementing its position as the world’s most valuable asset. The milestone was reached as spot prices climbed to $4,369, highlighting a growing divergence from Bitcoin, whose market cap fell to $2.15 trillion after shedding over $200 billion this week.

According to data from Companies Market Cap, a 1.49% daily increase pushed the precious metal over the historic threshold. Gold’s valuation now significantly outweighs the next largest assets, with NVIDIA at $4.4 trillion, followed by Microsoft at $3.8 trillion and Apple at $3.6 trillion. Its metallic counterpart, silver, holds a market cap of $2.9 trillion.

In contrast, Bitcoin now ranks as the eighth-largest asset. Its market capitalization dropped from approximately $2.38 trillion to $2.15 trillion this week, a decline linked to a major market liquidation event on October 10. As of October 17, the leading cryptocurrency is trading at $105,834, just above the critical $100,000 level.

Can Bitcoin Bridge the Gap?

The performance gap between the two assets has continued to widen as investors seek stability. Gold is benefiting from its traditional role as a safe-haven asset amid economic uncertainty, with its price rising nearly 60% over the past year. While Bitcoin has seen a similar 57.3% increase in the same period, it has been in a downturn for the last week, struggling to reclaim its previous high of $120,000.

This trend marks a shift from earlier in the year. In April 2025, Bitcoin became the world’s fifth-largest asset when its market cap surged to $1.86 trillion as its price approached $100,000. Despite later reaching a new all-time high of $126,080, its market cap growth has slowed compared to other top-tier assets.

At the end of 2024, ARK Investment Management CEO Cathie Wood predicted that Bitcoin could eventually surpass gold. At the time, Bitcoin’s market cap had just reached $2 trillion, while gold’s stood at $15 trillion. However, gold’s valuation has since doubled, while Bitcoin has not moved significantly beyond the $2 trillion mark. Looking ahead, a recent Deutsche Bank report suggested that central banks could begin purchasing Bitcoin by 2030, a development that could significantly boost its market value.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice, investment advice, or any other sort of advice. You should not treat any of the website’s content as such. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.