Bitcoin capitalization reaches 10% of the gold market

As a result of the recent surge, Bitcoin's market capitalization has exceeded $1 trillion, which is about 10% of the value of all mined gold.

The gold market is currently valued at $10-11trillion Yesterday, the BTC rate set a new all-time high, rising to $58,220 (up 100% since the beginning of 2021). During this period, its capitalization exceeded $1.1 trillion.

Despite the beginning of the correction, at the time of publication, the price of bitcoin fluctuates in the range of $ 54-55 thousand, and the market value still exceeds $ 1 trillion.

Positive dynamics and growth in recognition attractsthe market is more and more investors who buy cryptocurrency as an inflation insurance tool. In addition to diversifying risks, they make good money on it.

For example, according to Wedbush analyst estimatesSecurities, Tesla's $1.5 billion investment in Bitcoin in January brought it more profit than sales of electric vehicles for the entire last year. In January, the BTC rate fluctuated from $29 to $37 thousand, and earnings from the company’s core activities in 2020 amounted to 721 million.

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