BiyaPay Analyst: Epic Milestone! Gold Hits $30 Trillion Market Cap, Bitcoin Would Need to Reach $1.5 Million to Catch Up

On October 17th, an epic moment occurred for gold. According to CompaniesMarketCap data, with the continuous hitting of new highs in the price of gold, the global total market capitalization of gold has exceeded $30 trillion, firmly occupying the top position globally and surpassing the combined market capitalization of the top ten companies such as Apple, Microsoft, and Nvidia. Based on the 216,265 tonnes of mined gold disclosed by the World Gold Council and the calculation of the real-time gold price, the safe-haven and store of value status of gold has once again been verified. Meanwhile, Bitcoin, which is hailed as "digital gold", currently has a total market capitalization of around $2 trillion. To be on an equal footing with gold, the price of a single Bitcoin would need to reach approximately $1.5 million, which is more than ten times its current price. Cathie Wood has previously predicted that the price of Bitcoin will exceed $1 million per coin by 2030. BiyaPay analysts pointed out that gold symbolizes the "anchor of trust" in the traditional financial system, while Bitcoin represents the new faith of the decentralized era. With the trend of de-dollarization, the shift of global liquidity, and the accelerated participation of institutions, the boundary between traditional and digital assets is becoming blurred. In an extremely bullish scenario, if the market progresses extremely smoothly, it may be possible to reach $1.5 million per coin by 2035-2040. BiyaPay provides investors with a global platform for simultaneously investing in gold and digital assets, supporting free conversion between various fiat currencies and cryptocurrencies, with transparent real-time exchange rate display and achieving "zero fee" spot and contract trading in the trading experience. Additionally, BiyaPay also supports direct investment in diversified assets such as US stocks, Hong Kong stocks, futures, and gold using USDT, allowing users to easily navigate between traditional and emerging markets on the same platform.